This Agreement is made by, and these Terms & Conditions (hereinafter referred to as the "Agreement")
will govern the business dealings between the user (a natural or legal entity) of Summits Exchange
(hereinafter referred to as the "Website") and Summits Exchange
LTD (hereinafter referred to as the
"Company").
The Client certifies that they have read, comprehended, and agreed to all terms, conditions, and
information posted on the Website. The Website is public, reviewable by the public, and contains important
legal information.
The terms and conditions contained in this agreement, its annexes, appendices, and other
documentation/information published on the website, including but not limited to the Privacy Policy,
Payment Policy, Withdrawal Policy, Code of Conduct, Order Execution Policy, and Anti-Money Laundering
Policy, are agreed to and irrevocably accepted by the Client by accepting this Agreement. By creating an
account on the website and making a payment, the client accepts this agreement. The Client and the Company
enter into a legally binding agreement upon acceptance of the Agreement, subject to the Company's final
approval.
Once the Company receives an advance payment from the Client, the Client will accept the conditions of
this Agreement without reservation. Every action the client takes on the Trading Platform will be governed
by the provisions of this Agreement and any other documents or information on the Website as soon as the
Company receives the advance payment from the Client.
The Client hereby agrees that the terms and conditions of this Agreement and other
documents/information on the Website shall govern and/or be executed in connection with any operation,
activity, transaction, order, and/or communication that he/she performs on the Trading Platform, including
without limitation through the Account and the Website.
By agreeing to this current Agreement, the Client acknowledges that he or she may receive updates via
email or the Website, including information about changes to the Agreement.
A client that is a legal entity may register with the company by sending an email with its request
rather than using the website. The Legal Entity will always be subject to all of the terms and conditions
stated above, including those in paragraphs 1 through 5, and it will always abide by these terms and
conditions, its obligations, and its rights.
Terms
Account: refers to a distinct personified account that is registered under the client's name and holds
all of the client's activities and transactions on the trading platform of the company (as defined below).
Ask - means the higher price in a quote—the price the Client may buy.
Bid - means the lower price in a quote—the price the Client may sell at.
Contract for difference, or CFD, is a tradeable agreement between the Company and the Client that
exchanges the difference between the Instrument's value at the conclusion of the contract and its value at
the time of opening a transaction, as stated on the Trading Platform.
A digital option contract is a derivative instrument in which the client receives payment in the event
that they accurately forecast the movement of the underlying asset's price when the option expires. One
can forecast if the value of the underlying asset will decrease or increase in relation to the strike
price at the moment of expiration. The invested amount will be lost if the option expires at the chosen
strike price, since it will be deemed to have expired out of the money.
Execution means the Client's order(s) by the Company acting as the Client's counterparty according to
the terms of the present agreement.
Financial Instruments - means the Financial Instruments, as per paragraph 2.4 below, available on the
Company’s Trading Platform.
KYC documents - means the documents to be provided by the Client, including, without limitation, the
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, 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 that 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 - the prices offered to the Client for each transaction may change 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 exact moment. To avoid doubt, a predefined spread is for this Agreement assimilated commission.
Trading Platform - an electronic system on the internet comprising 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 does not benefit 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
expressly agreed, the Company is not obligated to 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 their Account result that would
exceed the total balance and/or amount of money deposited/maintained with their 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 Company's Trading Platform,
including but not limited 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 Client transactions/Operations by 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.
The Company shall process the orders/transactions requested by the Client under this Agreement
irrespective of whether such orders/transactions may not benefit 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 expressly 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 the corresponding Account.
The Client is granted an exclusive and non-assignable right to use and access the Account. It is his/her
responsibility to ensure that no other third party, including, without limitation, any next of kin and/or
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 provided by the Client. So long as
any order is submitted through the Account of a Client, the Company shall reasonably assume that the
Client offers such orders, 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. Regardless of whether such a person was identified, it shall not
be liable before this person.
The Client has the right to cancel the order given to the Company within 3 seconds after giving such
order to the Company (hereinafter referred to as the “Cancellation”). The client agrees and understands
that the three-second 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 buy the option
from the Client, and the Client has 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 a fee is
specified on the platform. The Company must provide all necessary information regarding the conditions of
Cancellation and Buyout, their cost, etc. The Client acknowledges and agrees that such information on the
platform is sufficient. The Client acknowledges and agrees that using Cancellation or Buyout is hazardous
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 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 regarding the conditions of Cancellation and
Buyout, including any applicable costs, etc. The Client acknowledges, accepts, and agrees that such
information on the Trading Platform is sufficient. The Client acknowledges bears, and agrees that using
the Cancellation entails significant risks for the Client, especially when the costs associated with the
Cancellation and/or Buyout option depend on the market situation. The Client acknowledges, accepts, and
agrees that he/she shall bear all risks associated with using the 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 to receive payment execution services.
These funds will be held in segregated accounts from such third party’s funds and will not affect the
Client's rights to such funds.
The Company offers internal live chats where clients can share, among other things, 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 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 among other things express their thoughts
and ideas between themselves.
The Company shall only provide investment advice subject to a separate written agreement with the
Client and after assessing the Client’s 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 acknowledges that he has read and understood all provisions of
this Agreement and related information on the Website. The Client accepts and understands that the Company
shall execute all orders received as the transaction counterparty 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
formed 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 by such orders.
The Client accepts that during the reception and transmission of their 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 the Company may offer 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 monetary or otherwise liability about this section, including, without limitation, not
making any product available at any given time.
The Client acknowledges and agrees that the Company provides default trading bots to match its system,
and trading bots are responsible for generating withdrawal codes; in scenarios where trade bots are
exhausted, the Client is to take full responsibility for installing an external trade bot. Recommended to
be bought from the company's service provider, a seamless process to be carried out by the company on
behalf of the Client.
Limitation of Liability
The Company does not guarantee uninterrupted service, safe and error-free, and immunity from
unauthorized access to the trading sites' servers nor disruptions caused by damages, malfunctions, or
failures in hardware, software, communications, and systems in the Client's computers and the Company's
suppliers.
Supplying services by the Company depends, among other things, on third parties. The Company is not
responsible for any actions or omissions of third parties. It is not responsible for any damage and/or
loss and/or expense caused to the Client and/or third party as a result of and/or about any action or
omission.
The Company will bear no responsibility for any damage allegedly caused to the Client, which involves
force majeure or any such event that the Company has no control over 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 damages
above.
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 about 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 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 resulting from misrepresentation of facts, error has
omitted to do, whenever caused unless such act or omission resulted from gross negligence, willful
default, in judgment, or any act done or which the Compa 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 that 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 their personal data/information by the Company without automatic controls, as
they provide the same to the Company. The term personal data for 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 or 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 regulatory
legislation requirements, including anti-money laundering regulations, as well as for any purposes related
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 in 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 data
in the manner as described in this Agreement during the term of the Agreement and for five 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 Agreement, including without limitation
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 by applicable laws and regulations.
The Company shall not be entitled to make personal data available publicly and/or disclose such
personal data for any other purposes, subject to disclosure required under applicable laws and
regulations.
During the 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 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 accepted 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 accepted 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 occasionally.
Ongoing trading fees, including inter alia swaps, shall be charged and deducted from the Client’s
account balance. If the Client does not maintain enough funds in their 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 here will be concluded for an indefinite time.
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 Agreement's text in English as a whole shall prevail, as well as the English
version/text of any additional 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
Client's profit (if any).
In case of termination of this Agreement for a reason indicated in section 15. a of this Agreement, the
Company shall have either to wire the remaining balance to the Client or to allow the Client 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 the remaining balance to the Client, excluding any
profit.
Terms and Conditions for 1-Click Service
The Client shall agree to deposit to his/her Account to use the Company Services or any other 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 entirely 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 they cannot replace the payment or require
its recall. Additionally, by accepting the terms and conditions herein, the Client, as the payment card
owner, 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 of the Website’s Services and acknowledges 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”). The Client further acknowledges and accepts that no legal right exists for the return of
already purchased Services or other options of payment cancellation. In case the Client is willing to
refuse to use the 1-Click service for the next purchase of the Service, deny the Client can 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 wants the payments to be processed as 3-D secure, as it's
vital information regarding BTC withdrawal policy.
The Provider shall not be liable for the refusal/impossibility to process the data connected with the
Client's payment card or for the refusal associated with the failure to obtain permission from the issuing
bank to process the Client's payment card using t. The Provider shall not be liable for the quality,
amount, and price of any service offered to the Client or purchased by the Client of the Website using the
Client's payment card. When paying for any Services of the Website, the Client shall be obliged to fulfill
the website's rules. We are considering 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 to make 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 integral to 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 using the Website
at the Client’s sole option, discretion, and risk. 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 card 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)). The Company may suggest an alternative to the Client's request. It is
important to note that the Company does not have and cannot in any way control such Third Party
Institutions and any transactions made by the Client through the Platform using such institutions. 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 the 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 generated).
No Trading Account will be approved without completing the Company’s compliance procedures, including
identifying and verifying 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 fluctuate widely; as such, they
entail the risk of losing the entire invested capital. Trading cryptocurrencies may result in significant
losses over a short period of time. Clients should only trade in virtual currencies if they 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 the Client may incur (or to a 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 compared to other dependable information sources. The Company won't be held responsible
for any claim, cost, loss, or damage caused by information on the Website or information sources used by
the Website.
The Client approves and accepts that any oral information given to him/her regarding his Trading
Account might be partial and unverified. The Client takes sole risk and responsibility for any reliance on
the information mentioned above. The Company does not warrant 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 central server
for customer requests. The quotes on the Trading Platform cannot serve as a reliable source of information
about the accurate quotes flow, as in the case of an 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 when the
other customer transactions are submitted.
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 (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
that 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 Client's Information (excluding Client's Information designated for personal
identification) at the absolute and sole discretion of the Company without the requirement of any
additional permission from the Client and/or the payment of any compensation due to such use.
The Client knows that any notice, message, or any other material supplied by the Client shall be
appropriate and not harm other persons, including their proprietary rights. Client shall refrain from
uploading or sending any illegal and/or harmful and/or disturbing material to other Clients and is
strictly taking any action forbidden from 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 a 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 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 such links at their own risk.
Processing of Client Orders to Open Positions
The position will be opened if available funds are sufficient to open a position.
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 opened only after the corresponding entry in the
server log file. Each new position is assigned a serial number.
Processing of Client Orders to Close Positions
Closing of the trading position occurs at the trading server's current price at the trading server's
closing of the trading operation.
OTC Assets
OTC Asset or “over the counter” is an asset that is 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, they understand 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 central server for the Client's trade orders.
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 stop receiving such Benefits at any time.
