Jeffrey Reyes • May 21, 2020
END-USER LICENSE AGREEMENT
In addition to the Agreement and the Privacy Policy that you should review, your use of the Companys trading services is strictly subject to all additional rules which may apply from time to time to the trading services which you are using, including, but not limited to, the "Bonus Policy" and the "Deposit & Withdrawal Policy" (together the "Additional Rules") in each case as updated from time to time.
1. INTRODUCTION
1.1. By registering with the Company or by using the Company's
trading services, you agree to be bound by this Agreement in its entirety and
without reservation. As such, this Agreement constitutes a binding legal
document between you and the Company and together with the Additional Rules
which are deemed to be an integral part hereof, this Agreement shall govern your
use of our trading services at all times.
1.2. By registering with the Company, you represent and warrant that: (a) All
registration information you submit is truthful and accurate; (b) You will
maintain the accuracy of such information; (c) You are Legally of Age (as such
term is defined below) or older or else, or otherwise have the legal capacity to
form a binding contract; and (d) Your use of the Company's trading services does
not violate any applicable law or regulation or any obligation you may have to a
third party.
1.3. All transactions between you and the Company take place in Cyprus where the
Company's principal servers are located.
1.4. The Company software (the "Software"), allows you to use our trading
services (the "Services"). The Company reserves the right to suspend, modify,
remove or add to the Site or Site Content (as such terms are defined below), the
Company platform or the Services in its sole discretion with immediate effect
and without notice. The Company shall not be liable for any loss suffered by you
resulting from any changes made and you shall have no claims against the Company
in such regard.
1.5. In respect of your use of the Services, you may only have one account, for
which you will register using your own actual name. You shall access the
Software and use the Services only via your own account and you may never access
the Software or use the Services by means of another person's account. Should
you attempt to open more than one account, under your own name or under any
other name, or should you attempt to use the Services by means of any other
person's account, we will be entitled to immediately close all your accounts,
retain all monies in such accounts and bar you from future use of the Services.
2. ACCEPTANCE OF TERMS AND CONDITIONS
2.1. If you do not agree to any of the provisions of this
Agreement you should immediately stop using the Software and remove the Software
from your computer.
2.2. We reserve the right to amend, modify, update and change any of the terms
and conditions of this Agreement (including each of the Additional Rules) from
time to time and we will notify you of any such amendment, modification or
change by publishing the new version of this Agreement on the relevant page of
our Internet sites. Any modified version of this Agreement will take effect 10
days after its publication on the Internet Site and your continued use of the
Services or the Software after the aforementioned 10 days will be deemed to
constitute your acceptance of the changes to this Agreement. It remains your
responsibility to ensure that you are aware of the correct, current terms and
conditions of this Agreement and we advise you to check for updates on a regular
basis. PLEASE NOTE: We take our responsibilities in relation to your privacy
exceedingly seriously and therefore changes to the Privacy Policy are strictly
subject to the modification provisions found therein.
3. COMPLIANCE WITH LAWS
3.1. The offering of binary options on various underlying
financial and other assets may not be legal in some jurisdictions. You
understand and accept that the Company is unable to provide you with any legal
advice or assurances in respect of your use of the Services and the Company
makes no representations whatsoever as to the legality of the Services in your
jurisdiction. Please verify the relevant laws in your jurisdiction before
registering with the Company and using the Services.
3.2. The Services are intended only for users who are not prohibited by the laws
of any applicable jurisdiction from acquiring financial contracts on the
Internet. The Company does not intend to enable you to contravene applicable
law. You represent, warrant and agree to ensure that your use of the Software
and the Services will comply with all applicable laws, statutes and regulations.
The Company shall not be responsible for any illegal or unauthorized use of the
Software or the Services by you. Please consult legal counsel in the applicable
jurisdiction if you have any doubts about the legality of your use of the
Software and the Services under the laws of any jurisdiction that applies to
you. By accepting these terms, you agree to assist the Company, to the extent
you are able, with its compliance with applicable laws and regulations.
4. PERMITTED PARTICIPATION
4.1. No-one under the age of 18 or the age of legal consent for
engaging in the activities included in the Services under the laws of any
jurisdiction, whichever is higher ("Legally of Age") may use the Services under
any circumstances and any person not Legally of Age who uses the Services will
be in breach of the terms of this Agreement. The Company reserves the right to
request proof of age at any stage to verify that persons not Legally of Age are
not using the Services. The Company may cancel a person account and exclude a
person from using the Services if proof of age is not provided or if the Company
suspects that a person using the Services is not Legally of Age.
4.2. We reserve the right to verify your registration details, such as name,
address, age, and payment methods used, at any time, by requesting certain
documents. These documents shall typically include an identity card, passport or
driver's license, proof of address such as a utility bill, and proof of your
payment method and DOD, declaration of deposit. If deemed necessary, we may
request that the said document copies are notarized, meaning that the documents
are stamped and attested by a Public Notary. In the event our requests for
documents are not completed by the member, the Company may at its sole
discretion terminate the account, and withhold any funds that are present
therein. Should the documents fail our internal security checks – for example,
if we suspect that they have been tampered with, or are in any way provided to
mislead or misrepresent – we shall be under no obligation to accept such
documents as valid, and under no obligation to provide feedback on the exact
nature of our findings with regards to these documents.
4.3. We reserve the right to perform background checks on any member, for any
reason, including (but not limited to) any investigation into the identity of
the member, any credit checks performed on the member, or any enquiries into the
member's personal history. The basis for such investigations will be dependent
on the specific case, but could include (but is not limited to) verification of
the member's registration details, such as the name, address and age,
verification of the member's financial transactions, and verification of the
member's trading activity. The Company is under no obligation to advise the
member of such an investigation taking place. Such activities may include the
use of specific third party companies, who perform the investigations as
required. The Company may decide at its sole discretion to block a member's
account and withhold all funds on the basis of such an investigation and its
positive outcome for the Company.
5. INFORMATION TECHNOLOGY / INTELLECTUAL PROPERTY
5.1. The Company hereby grants you the non-exclusive,
non-transferable, non-sub-licensable right to use the Software and all content
derived from the Software, including, but not limited to, the copyright and all
other intellectual property rights therein, in connection with the Services in
accordance with this Agreement. The Software's code, structure and organization
are protected by intellectual property rights. You must not:
5.1.1. copy, redistribute, publish, reverse engineer, decompile, disassemble,
modify, translate or make any attempt to access the source code to create
derivate works of the source code, or otherwise;
5.1.2. sell, assign, sublicense, transfer, distribute or lease the
Software;
5.1.3. make the Software available to any third party through a computer network
or otherwise;
5.1.4. export the Software to any country (whether by physical or electronic
means); or
5.1.5. use the Software in a manner prohibited by applicable laws or regulations
(together the "Prohibited Activities").
5.2. You will be solely liable for any damage, costs or expenses arising out of
or in connection with the commission of any Prohibited Activities. You shall
notify the Company immediately upon becoming aware of the commission by any
person of any of the Prohibited Activities and shall provide the Company with
reasonable assistance with any investigations it may conduct in light of the
information provided by you in this respect.
5.3. The brand names relating to the Company trading platform and any other
trademarks, service marks and trade names used by the Company either on its own
behalf or together with its partners from time to time (the "Trademarks") are
the trademarks, service marks and trade names of the Company or one of its group
companies or its licensors or its partners and these entities reserve all rights
to such Trademarks.
5.4. In addition to the rights in the Trademarks, the Company (or one of its
group companies, licensors or partners) own the rights in all other content,
including but not limited to the Software, images, pictures, graphics,
photographs, animations, videos, music, audio and text available via the
Software or on the Internet (the "Site Content") and the Site Content is
protected by copyright or other intellectual property rights.
5.5. You agree not to delete any copyright notices or other indications of
protected intellectual property rights from materials that you print or download
from the web site.
5.6. You hereby acknowledge that by using the Services or the Software you
obtain no rights in the Trademarks or the Site Content and you may only use the
same in complete accordance with this Agreement.
6. YOUR REPRESENTATIONS AND UNDERTAKINGS
In consideration of the rights granted to you to use the Services
and the Software, you represent, warrant, covenant and agree that:
6.1. You are Legally of Age as defined in this Agreement, you are of sound mind
and you are capable of taking responsibility for your own actions.
6.2. All details provided by you to the Company either during the registration
process or at any time thereafter, including as part of any payment deposit
transaction, are true, current, correct and complete and match the name(s) on
the credit/debit card(s) or other payment accounts to be used to deposit or
receive funds in your account.
6.3. Without derogating from the aforementioned, should you use a credit/debit
card or any other form of payment which is not in your private and personal
name, we will presume that you have received complete and sufficient consent
from the rightful owner or the person whom name is used on such payment
instrument to make use of such payment instrument for the purposes herein, prior
to your engagement with us. We shall not be obligated in any manner to examine
such consent and shall bear no responsibility with respect to your
representations hereunder. You will promptly notify us of any changes to details
previously provided by you to the Company.
6.4. From time to time you may be requested to provide us with certain documents
to verify the details of the credit card used by you to deposit money to your
account. Depending on the outcome of these verification checks you may or may
not be permitted to deposit further monies with the credit card previously used
by you. Should any of the information that you provide to us be untrue,
inaccurate, misleading or otherwise incomplete, you will be in breach of
contract and we reserve the right to terminate your account immediately and
prevent you from using the Software or the Services, in addition to any other
action that we may choose to take.
6.5. If you are registering as or for a business entity, you hereby declare that
you have the authority to bind that entity to this Agreement.
6.6. Your account with the Company is solely for your benefit. You shall not
allow any third party (including a relative) to use your account, password or
identity to access or use the Services or the Software and you shall be fully
responsible for any activities undertaken on your account by a third party. You
will not reveal your account username or password to any person or business
entity and you shall take all steps to ensure that such details are not revealed
to any person. You shall inform us immediately if you suspect that your account
is being misused by a third party or any third party has access to your account
username or password so that we may investigate such matter, and you will
cooperate with us, as we may request, in the course of such
investigation.
6.7. Value Exchange has the ability to block a client from the platform if they
violated the privacy terms. Value Exchange is obligated to keep all term of
privacy
to protect the traders and their trading accounts. A trader who will violate the
privacy terms and share his password and personal information with a 3rd Party
will risk his ability to log in to his account. In terms of this, Value Exchange
has
the ability to decide to block the account and the initial deposit will be
returned to the client with no profits.
6.8. You have verified and determined that your use of the Services does not
violate any laws or regulations of any jurisdiction that applies to you.
6.9. You fully understand the methods, rules and procedures of the Services and
binary options trading in general. Furthermore, you have sufficient experience
and knowledge in financial matters to be capable of evaluating the merits and
risks of trading in binary options and acquiring financial contracts via this
Site and have done so without relying on any information contained in this
Site.
6.10. You will not commit any acts or display any conduct that damages the
reputation of the Company.
7. PROHIBITED USES OF THE SITE AND SERVICES; INDEMNIFICATION
7.1. Illegal Funds and Unlawful Activities: You declare that the
source of funds used by you on the Site is not illegal and that you will not use
the Services in any way as a money transfer system. You will not use the
Services for any unlawful or fraudulent activity or prohibited transaction
(including money laundering) under the laws of any jurisdiction that applies to
you (in particular, the laws of United Kingdom). If the Company has a suspicion
that you may be engaging in or have engaged in fraudulent, abusive, unlawful or
improper activity, including, without limitation, money laundering activities or
engaging in a transaction out of market rates, or conduct otherwise in violation
of this Agreement, your access to the Services may be terminated immediately
and/or your account blocked. If your account is terminated or blocked in such
circumstances, the Company is under no obligation to refund to you any funds
that may be in your account. In addition to terminating your access to the
Services and blocking your account, the Company reserves the right to prevent
you from accessing any of the Company's other websites or servers, or accessing
any other services offered by the Company. The Company shall be entitled to
inform relevant authorities, other online service providers and banks, credit
card companies, electronic payment providers or other financial institutions of
your identity and of any suspected unlawful, fraudulent or improper activity and
you will cooperate fully with the Company to investigate any such
activity.
7.2. Money Laundering Prevention: Preventing money laundering is a top priority
and goal for regulatory authorities worldwide. Money laundering enables movement
of illicit funds from criminal activities and makes them potentially available
for terrorist activity. At Value Exchange.com we are fully committed to
preventing
money laundering via a number of steps: Client identification and verification
procedures via third-party data providers. Identification, monitoring and
reporting of suspicious transactions Maintenance of trading records over an
extended period of time Training of employees in regards to recognizing and
preventing illicit financial transactions. Value Exchange.com reserves the right
to
collect and ask for additional forms of identification from our clients prior to
funding an account. Further the company reserves the right to refuse to process
a transfer at any point if it believes the funds are in any way related to money
laundering or criminal activity.
7.3. Circumvention: We have developed and employ sophisticated proprietary
technology intended to seek out and identify users making fraudulent or unlawful
use of the Services or Software. You shall not break into, access or attempt to
break into or access or otherwise circumvent the Company's security measures.
If, the Company believes, in its sole discretion, that you are in breach of this
clause, the Company may terminate your access to the Services immediately and/or
have your account blocked, and the Company may inform Interested Third Parties
of your breach of this clause.
7.4. You agree that you will not do any of the following while using or
accessing the Site, Services, the Company's trading platform or the Site
Content: Interfere with or disrupt (or attempt to interfere with or disrupt) any
web page available at the Site, servers, or networks connected to the Site, or
the technical delivery systems of the Company's providers, or disobey any
requirements, procedures, policies, or regulations of networks connected to the
Site; Attempt to access, search, or meta-search the Site or content thereon with
any engine, software, tool, agent, device, or mechanism other than software
and/or search agents provided by the Company or other generally available
third-party web browsers, including without limitation any software that sends
queries to the Site to determine how a website or web page ranks; or Use,
launch, or permit to be used any automated system, including without limitation
"robots", "crawlers" or "spiders".
7.5. You agree to defend and indemnify the Company and its officers, directors,
employees, and agents and to hold them harmless from and against any and all
claims, liabilities, damages, losses, and expenses, including without limitation
reasonable attorney's fees and costs, arising out of or in any way connected
with (i) your access to or use of the Site, the Company's platform, or the
Services; (ii) your violation of any of the terms of this Agreement; or (iii)
any improper or illegal use of your account.
8. YOUR ACCOUNT
8.1. You are responsible for ensuring that you alone control
access to your account, and that no minor or other person is granted access to
trading on the Site using your account.
8.2. We take no responsibility for any third party access to your account and
under no circumstances shall the Company be liable for any losses incurred by
you as a result of misuse of your password by any person or for any unauthorized
access to your account. In any case, all positions traded on your account and
credit card transactions entered into the Site for your account, where your user
name and password have been entered correctly, will be regarded as valid,
whether or not authorized by you.
8.3. Monies held in your account shall not attract any interest.
8.4. Accounts in which there have been no transactions (trading / withdrawals /
deposits), for a set period of 12 months, will be considered by the Company as
being dormant accounts. Such dormant accounts will be charged an annual
maintenance fee of US$25 or the full amount of the free balance in the account
if the free balance is less than US$25. There will be no charge if the free
balance is zero. Consequently, all accounts with a zero free balance will be
closed.
8.5. The Company may, at any time, set off any positive balances in your account
against any amount owed by you to us.
8.6. The Company may, at its sole discretion, impose volume or other limits on
customer accounts.
9. PAYMENT TRANSACTIONS AND PAYMENT FRAUD
9.1. Acquisition of a financial contract is completed when the
financial contract has been customized, the premium (or the margin, as the case
may be) has been calculated and payment has been verified. You agree to be fully
and personally liable for the due settlement of every transaction entered into
under your account with the Company.
9.2. Each user of the Service is fully responsible for paying all monies owed to
the Company. You agree that you will not make or attempt to make any
charge-backs, or deny or reverse any payment that you have made and you will
reimburse the Company for any charge-backs, denial or reversal of payments you
make and any loss suffered by the Company as a consequence thereof. The Company
may, at its sole discretion, cease to provide the Services or withhold payment
to certain users or to users paying with certain credit cards.
9.3. We reserve the right to run credit checks on all users with third party
credit agencies, on the basis of the information provided to us on
registration.
9.4. We reserve the right to use third party electronic payment processors or
financial institutions to process payments made by and to you in connection with
your use of the Services. To the extent that they do not conflict with the terms
of this Agreement, you agree to be bound by the terms and conditions of such
third party electronic payment processors or financial institutions.
9.5. In the case of suspected or fraudulent payment, including use of stolen
credit cards, or any other fraudulent activity or attempted fraudulent activity
(including any charge-back or other reversal of a payment), we reserve the right
to immediately block a user's account, terminate a user's account, seize the
funds within a user's account, refund to users only their initial deposits,
reverse any pay-out made and recover any pending balance. We shall be entitled
to inform any relevant authorities or entities (including credit reference
agencies) of any payment fraud or otherwise unlawful activity, take legal action
against a user, and may employ collection services to recover payments. However,
under no circumstances shall the Company be liable for any unauthorized use of
credit cards, irrespective of whether or not the credit cards were reported
stolen.
9.6. All payments into your account must be from a single payment source, such
as a credit card, debit card or charge card, on which you are the named account
holder.
9.7. Option payouts shall be determined by the Company from time to time by
reference to the daily values reported on the Site relevant to the inter-bank
trading data received by the Company for all options, provided that the Company
shall have the right to make corrections to such data in the event of mispriced
or typographically incorrect data.
10. YOUR COMMUNICATIONS
10.1. Unless otherwise indicated for a particular Service, any
communications or material of any kind that you e-mail or otherwise transmit
through the Services, including information, data, questions, comments or
suggestions will be treated as non-proprietary and non-confidential.
10.2. By accepting this Agreement you grant a license to the Company to use your
communications in any way it sees fit, either on the Site or elsewhere, with no
liability or obligation to you. The Company is free to use any idea, concept,
know-how or technique or information contained in your communications for any
purpose including, but not limited to, developing and marketing
products.
10.3. The Company is entitled, but not obligated, to review or retain your
communications. The Company may monitor your communications to evaluate the
quality of service you receive, your compliance with this Agreement, the
security of the Site, or for other reasons.
10.4. You agree that such monitoring activities will not entitle you to any
cause of action or other right with respect to the manner in which the Company
monitors your communications. In no event will the Company be liable for any
costs, damages, expenses or any other liabilities incurred by you as a result of
the Company's monitoring activities.
11. BONUSES
11.1. All promotions, bonuses or special offers are subject to
specific terms and conditions and any complimentary bonus credited to your
account must be used in adherence with such terms and conditions. We reserve the
right to withdraw any promotion, bonus or special offer at any time.
11.2. In the event that the Company believes a user of the Service is abusing or
attempting to abuse a bonus or other special offer, or is likely to benefit
through abuse or lack of good faith from a policy adopted by the Company, then
the Company may, at its sole discretion, deny, withhold or withdraw from any
user any bonus or special offer, or rescind any policy with respect to that
user, either temporarily or permanently, or terminate that user's access to the
Services and block that user's account.
11.3. In the event that the Company deems in its sole discretion that you have
been taking unfair advantage of the Company's bonuses or have executed any other
act in bad faith in relation to a bonus offered on the Site, the Company shall
have the right to block or terminate your account with the Company and in such
circumstances, the Company shall be under no obligation to refund to you any
funds that may be in your account other than your original deposit
amounts.
11.4. For further information on the Company's policy with regard to bonuses
please refer to our "Bonus Policy".
11.5. These bonuses are limited by time and the conditions related to any
bonuses are subject to change. To withdraw your bonus, you will be asked to
perform a trading volume of at least 40 times for each $1 bonus. The bonus and
profits can be withdrawn only when the foregoing stipulation has been fully
respected and fulfilled. Any withdrawal of funds from an account made before
completing the terms of the bonus will result in the bonus and its profits
immediate cancellation and removal from the trading account. Any indication of
fraud, manipulation, cash back arbitrage or other forms of deceptive or
fraudulent activity based on the provision of the bonus will invalidate the
account and any profits or losses collected.
12. OBLIGATIONS OF THE COMPANY
12.1. The Company has no obligation to check whether users are
using the Services in accordance with this Agreement or the Additional Rules, as
updated from time to time.
12.2. Under no circumstances shall the Company be obligated to investigate or
pursue any complaints made by a user against any other user using the Services
or to take any other action in connection therewith, or take any action against
a user for any reason, including without limitation for violating the terms of
this Agreement. The Company may, at its sole discretion, decide to take
appropriate action against any person it suspects of engaging in any unlawful
behavior or otherwise violating the terms of this Agreement, but is under no
obligation to do so.
12.3. The Company has no obligation to maintain account names or passwords. If
you misplace, forget or lose your account name or password because of anything
other than the Company's error, the Company shall not be liable.
12.4. The Company shall handle all personal information provided by you strictly
in accordance with the Privacy Policy.
12.5. The trading hours may vary from time to time and are presented in our
asset index page at https://tradeverseltd.com/pricing.html
12.6. The Company will fulfill to the best of its abilities all your trading
orders, keep the register of your orders and of their fulfillment, and will
provide you with necessary extracts upon your request.
12.7. The Company shall provide the following online reports: (i) "Open
Positions": a report presenting the account's opens transactions; and (ii)
"Account Statement": a report presenting the account's balance and statement at
a given point of time.
12.8. It is the Company's decision, in its sole discretion, which options to
offer for trading on the Site and which option payout rates shall apply for each
option upon successful trades.
13. NO WARRANTY
13.1. The services and the software are provided "as is". The
company makes no warranty or representation, whether express or implied (whether
by law, statute or otherwise), including but not limited to implied warranties
and conditions of merchantability, satisfactory quality, fitness for a
particular purpose, completeness or accuracy of the services or the software or
infringement of applicable laws and regulations. The entire risk as to the use,
quality and performance of the software lies with you.
13.2. The company makes no warranty that the software or services will meet your
requirements, be uninterrupted, timely, secure or error-free, that defects will
be corrected, or that the software or the server that makes it available are
free of viruses or bugs or represents the full functionality, accuracy,
reliability of the materials or as to results or the accuracy of any information
obtained by you through the services.
13.3. In the event of systems or communications errors, bugs or viruses relating
to account settlement or other elements of the services or resulting in loss of
data by you or any other damage to your computer equipment or software, the
company shall in no way be liable to you and the company reserves the right to
void transactions in question and take any other action to correct such errors
save that the company is not required to provide any back up network and/or
systems or similar services.
13.4. The company shall not be liable for any acts or omissions made by your
internet service provider or other third party with whom you have contracted to
gain access to the server that hosts the site.
13.5. Without limiting the foregoing, the company will not be responsible for an
impossibility to execute orders and requirements due to failures in the
operation of informational systems caused by technical faults, which are beyond
its control.
14. LIMITATIONS OF LIABILITY
14.1. You agree that you are free to choose whether to use the
Services and do so at your sole option, discretion and risk.
14.2. The Company shall not be liable to you or any third party in contract,
tort, negligence, or otherwise, for any loss or damage whatsoever arising from
or in any way connected with your, or any third party's, use of the Software or
the Services, whether direct or indirect, including, without limitation, damage
for loss of business, loss of profits (including loss of or failure to receive
anticipated profits), business interruption, loss of business information, or
any other pecuniary or consequential loss (even where we have been notified by
you of the possibility of such loss or damage).
14.3. The Company shall not be liable in contract, tort, negligence, or
otherwise, for any loss or damage whatsoever arising from or in any way
connected with your use, of any link contained on the Site. The Company is not
responsible for the content contained on any Internet site linked to from the
Sites or via the Services.
14.4. You confirm that the Company shall not be liable to you or any third party
for any modification to, suspension of or discontinuance of the Software or the
Services.
14.5. Nothing in this Agreement will operate so as to exclude any liability of
the Company for fraud, death or personal injury that is caused by the Company's
negligence.
14.6. You agree that, in the event that the Software or Services fails to
operate correctly as a result of, but not limited to, any delay or interruption
in operation or transmission, any loss or corruption of data or communication or
lines failure, any person's misuse of the Site or its contents or any error or
omission in content or any other factors beyond our control:
14.6.1. the Company will not be responsible for any loss, including loss of
profits, that may result; and
14.6.2. if an option is acquired or sold at prices that do not reflect its
market prices, or at an abnormally low level of risk (the "mispricing") due to
an undetected programming error, bug, defect or glitch in the Site, the Software
or any other reason resulting in mispricing, the Company reserves the right to
cancel such transactions upon notifying you of the nature of the computer error
that led to such mispricing. You have a duty to report to the Company any
problem, error or suspected system or other inadequacies that you may
experience.
15. BREACH OF THESE TERMS AND CONDITIONS
15.1. You agree to fully indemnify, defend and hold the Company,
its partners and their respective companies and their respective officers,
directors and employees harmless immediately on demand from and against all
claims, demands liabilities, damages, losses, costs and expenses, including
legal fees and any other charges whatsoever, howsoever caused, that may arise as
a result:
15.1.1. of any breach of this Agreement by you;
15.1.2. violation by you of any law or the rights of any third party; or
15.1.3. use by you of the Services or Software or use by any other person
accessing the Services or Software using your user identification, whether or
not with your authorization.
15.2. In addition to any other remedy available, if you breach any of these
terms and conditions of this Agreement or the Company has reasonable grounds for
suspecting that you have breached the terms and conditions of this Agreement, in
addition to any other remedies available to the Company, your credit may be
forfeited at the discretion of the Company and the Company may retain any
positive balance then existing in your account on account of any damages or
other amounts owed by you to the Company pending investigation and/or the
conclusion of any legal proceedings. Failure to comply with this Agreement may
also result in disqualification, account closure and/or legal action being taken
against you.
16. RISK STATEMENT
16.1. The financial services contained within the Site are
suitable only for customers who are able to bear the loss of all the money they
invest, and who understand the risks and have experience in taking risks
involved in trading in binary options.
16.2. The maximum loss that may be incurred by any customer is the amount of
money paid by them to the Company including rolling fees for day trade
deals.
16.3. Subject to market conditions, 'Stop Loss Orders' shall be executed either
at the exact exchange rate selected by the customer, where the amount will be
calculated automatically, or at the exact amount of loss selected by the
customer, where the exchange rate will be calculated accordingly. A transaction
of that nature shall be executed as soon as the distinctive ("indicative")
exchange rate is found on the financial information systems which, including the
Company's spread, is either identical to the order given by the customer, or
indicates an identical amount of loss declared by the customer.
16.4. The calculation of the payout to be received for the options on the Site,
at the time the option is traded, will be based on the Company's best estimate
of market prices and the expected level of interest rates, implied volatilities
and other market conditions during the life of the option, and is based on a
complex arithmetic calculation. The calculation will include a spread in favor
of the Company.
16.5. The payout amounts offered to customers speculating on market or index
prices, may differ substantially from prices available in the primary markets
where such options are traded, due to the spread favoring the Company in the
price calculation system referred to above. The Company does not provide a
market amongst or between customers for investments or speculations. Each option
traded by a customer via the Site is an individual Agreement made between that
customer and the Company, and is not transferable, negotiable or assignable to
or with any third party.
17. MARKET INFORMATION
17.1. The Company may make available to you through one or more
of its Services a broad range of financial information that is generated
internally or obtained from agents, vendors or partners ("Third Party
Providers"). This includes, but is not limited to, financial market data,
quotes, news, analyst opinions and research reports, graphs or data ("Market
Information").
17.2. Market Information provided on these web pages is not intended as
investment advice. The Company does not endorse or approve the Market
Information, and we make it available to you only as a service for your own
convenience.
17.3. The Company and any Third Party Providers do not guarantee the accuracy,
timeliness, completeness or correct sequencing of the Market Information, or
warrant any results from your use or reliance on the Market Information.
17.4. Market Information may quickly become unreliable for various reasons
including, for example, changes in market conditions or economic circumstances.
Neither the Company nor the Third Party Providers are obligated to update any
information or opinions contained in any Market Information, and we may
discontinue offering Market Information at any time without notice.
17.5. You agree that neither the Company nor the Third Party Providers will be
liable in any way for the termination, interruption, delay or inaccuracy of any
Market Information.
17.6. You will not "deep-link", redistribute or facilitate the redistribution of
Market Information, nor will you provide access to Market Information to anyone
who is not authorized by the Company to receive Market Information.
18. DISPUTES
18.1. You understand and agree that (without prejudice to your
other rights and remedies) the Company records shall be the final authority in
determining the terms of your use of the Services and you shall have no right to
dispute the Company's decisions in regard to such matters.
18.2. No claims or disputes will be considered more than seven (7) days after
the date of the original transaction and all claims or disputes should be raised
with the customer service department at support@veiexchange.net
19. DURATION AND TERMINATION
19.1. This Agreement shall come into force immediately upon your
completion of the registration process with the Company and shall continue in
force unless and until terminated in accordance with its terms.
19.2. The Company reserves the right to suspend the operation of the Site or any
part or sections of it. In such an event, the Company may, at its sole
discretion (with or without notice), close out the customers' open financial
contracts at prices it considers fair and reasonable at such a time and no
claims may be entertained against the Company in connection thereto.
19.3. We may terminate this Agreement and your account (including your username
and password) immediately without notice:
19.3.1. if for any reason we decide to discontinue to provide the Services in
general or specifically to you;
19.3.2. if we believe that you have breached any of the terms of this
Agreement;
19.3.3. if your use of the Services has been in any way improper or breaches the
spirit of this Agreement;
19.3.4. if your account is associated in any way with any existing account that
has been terminated. If your account is associated with, or related to, existing
blocked accounts, we may terminate your account, irrespective of the nature of
this relationship, and the registration details provided on said accounts; or
19.3.5. for any other reason we see fit. Save for as otherwise provided herein,
on termination of this Agreement any balance in your account will be returned to
you within a reasonable time of your request, subject always to our right to
deduct any amounts owed by you to us.
19.4. You may terminate this Agreement and your account (including your username
and password) at any time by sending an email to us at support@veiexchange.net,
such termination to take effect upon the Company terminating your account
(including username and password), which shall occur within 7-10 business days
after receipt by the Company of your email on our servers in Cyprus, provided
that you shall remain responsible for any activity on your account between
sending us an email and the termination of your account by the Company. In the
case that your account has a remaining balance, you will be refunded the
remaining balance within 7-10 business days following the request. Please note
that in the case you have a bonus, the terms of the bonus will be applied.
Please refer to the bonus policy to further understand bonus terms and
conditions.
19.5. The right to terminate this Agreement given by this clause shall not
prejudice any other right or remedy of either party in respect of the breach
concerned (if any) or any other breach.
19.8. In the event of our termination of this Agreement on account of your
breach of this Agreement (including the Additional Rules) the Company will be
under no obligation to refund to you any funds that may be in your account and
you shall have no claims against the Company in such regard. Further, you will
not be able to open an account with the Company again without our express
permission.
20. CUSTOMER SERVICE DEPARTMENT AND SPECIAL PROMOTIONS
20.1. You hereby expressly consent to the Company using the
contact details provided by you on registration to occasionally contact you
directly in relation to your use of the Services or any other products or
services offered by the Company, its partners or affiliates from time to tim
20.2. The Company will not tolerate any abusive behavior exhibited by users of
the Service to the Company's employees. In the event that the Company, in its
sole discretion, deems that your behavior, via telephone, email or otherwise,
has been abusive or derogatory towards any of the Company's employees, the
Company shall have the right to block or terminate your account with the Company
and in such circumstances, the Company shall be under no obligation to refund to
you any funds that may be in your account.
20.3. The Company may, from time to time, offer you special promotions. These
promotions may be notified to you by various means, including but not limited to
(i) email, (ii) telephone, (iii) SMS and (iv) additional windows opening from
within the Software. Promotions begin at 00:00 and end at 23:59 GMT on specified
dates, unless stated otherwise in the promotion's Terms & Conditions.
20.4. We will provide you with an opt-out option in relation to various types of
communications from the Company and should you choose to opt-out from
communications the Company shall respect your wishes in such regard.
21. EXCHANGE RATES
All currency conversions executed by the Company for the purposes of allowing you to deposit and cash-out money from your account shall be executed by the Company at an exchange rate comparable with daily commercial rates offered by banks and credit card companies.
22. PHONE CALL RECORDING
For service quality assurance the Company records, at its sole discretion, telephone calls made from and to its offices. You hereby agree that telephone calls made, either by you contacting the Company, or when being contacted by the Company, may be recorded.
23. GOVERNING LAW
This Agreement and the relationship between the parties shall be governed by, and interpreted in accordance with, the laws of United Kingdom and you irrevocably submit, for the benefit of the Company, to the exclusive jurisdiction of the courts of United Kingdom to settle any disputes (including claims for set off and counterclaims) which may arise in connection with the creation, validity, effect, interpretation or performance of, or the legal relationships established by, this Agreement or otherwise arising in connection with this Agreement.
24. LANGUAGE DISCREPANCIES
This Agreement has been drafted in the English language. In the event of any discrepancy between the meanings of any translated versions of this Agreement and the English language version, the meaning of the English language version shall prevail.
25. GENERAL
25.1. If any part of this Agreement shall be deemed unlawful,
void or for any reason unenforceable, then that provision shall be deemed to be
severable from the rest of this Agreement and shall not affect the validity and
enforceability of any of the remaining provisions of this Agreement. In such
cases, the part deemed invalid or unenforceable shall be construed in a manner
consistent with applicable law to reflect, as closely as possible, the original
intent of the parties
25.2. No waiver by us of any terms of this Agreement shall be construed as a
waiver of any preceding or succeeding breach of any terms of this
Agreement.
25.3. Unless otherwise expressly stated, nothing in this Agreement shall create
or confer any rights or any other benefits to third parties.
25.4. Nothing in this Agreement shall be construed as creating any agency,
partnership, trust arrangement, fiduciary relationship or any other form of
joint enterprise between you and us.
25.5. This Agreement contains the entire agreement between the Company and you
relating to your use of the Software and the Services and supersedes any and all
prior agreement between the Company and you in relation to the same. You confirm
that, in agreeing to accept this Agreement, you have not relied on any
representation save insofar as the same has expressly been made a representation
by the Company in this Agreement.
25.6. The Company reserves the right to transfer, assign, sublicense or pledge
this Agreement, in whole or in part, in the event of a reorganization of the
corporate group in which the Company exists or in the event of a merger, sale of
assets or other similar corporate transaction in which the Company may be
involved in.
25.7. You may not transfer, assign, sublicense or pledge in any manner
whatsoever any of your rights or obligations under this Agreement.
25.8. In this Agreement, "you" or "your" or "user" means any person who uses the
Services or the Software under this Agreement. Unless otherwise stated, "we",
"us" or "our" refers collectively to the Company and its subsidiaries,
affiliates, directors, officers, employees, agents and contractors.
25.9. Nothing in this Agreement shall be construed so as to grant you any
security interest whatsoever over the assets of the Company, including for the
avoidance of doubt on any amounts standing to the credit of your account.
26. KYC (KNOW YOUR CUSTOMER) POLICY
Know your customer policies have become increasingly important
worldwide lately, especially among banks and other financial institutions, in
order to prevent identity theft, money laundering, financial fraud and terrorist
activity.
tradeverseltd.com holds a zero tolerance fraud policy, and is taking all
measures possible to prevent it. Any fraudulent activity will be documented and
all related accounts to it will be immediately closed. All funds in these
accounts will be forfeited.
27. ANTI-MONEY LAUNDERING
https://nexustradeinc.com does not tolerate money laundering and
supports the fight against money launderers. https://nexustradeinc.com follows
the guidelines set by the UK’s Joint Money Laundering Steering Group. The UK is
a full member of the Financial Action Task Force (FATF), the intergovernmental
body whose purpose is to combat money laundering and terrorist financing.
Money Laundering usually follows three stages:
firstly, cash or cash equivalents are placed into the financial system secondly,
money is transferred or moved to other accounts (e.g. futures accounts) through
a series of financial transactions designed to obscure the origin of the money
(e.g. executing trades with little or no financial risk or transferring account
balances to other accounts) And finally, the funds are re-introduced into the
economy so that the funds appear to have come from legitimate sources (e.g.
closing a futures account and transferring the funds to a bank account).
Trading accounts are one vehicle that can be used to launder illicit funds or to
hide the true owner of the funds. In particular, a trading account can be used
to execute financial transactions that help obscure the origins of the
funds.
tradeverseltd.com directs funds withdrawals back to the original source of
remittance, as a preventative measure.
International Anti-Money Laundering requires financial services institutions to
be aware of potential money laundering abuses that could occur in a customer
account and implement a compliance program to deter, detect and report potential
suspicious activity.
These guidelines have been implemented to protect https://veiexchange.net and
its
clients. For questions/comments regarding these guidelines, please contact us at
support@veiexchange.net.
28. WITHDRAWAL POLICY
To request a partial or complete withdrawal of funds from your
account, click on "Withdrawal request” in your account.
Please consider that we take up to 5-7 business days to process your withdrawal
request.
Feel free to contact our Customer support specialist if you have any
questions.
According to generally acceptable AML rules and regulations, withdrawals must be
performed only through the same bank account or credit/debit card that you used
to deposit the funds.
Furthermore, when it comes to withdrawals, Client may be required to present
additional information and documents.Furthermore, when it comes to withdrawals,
Client may be required to present additional information and documents.
Corresponding withdrawals will take up to 14 business days to reach your credit
card or bank account.
29. FORBIDDEN ACTIONS:
Violation of company user agreement
- Management of funds on the account by a third party who is not an holder of a
trading account
- Trading on several accounts, transactions hedging on different accounts,
arbitrage
- Providing of forged documents that do not belong to the present holder of the
account
- Trade with the help of third-party robot
30. THIS AGREEMENT MAY BE AMENDED AND SUPPLEMENTED IN THE COMPANY’S SOLE DISCRETION BY GIVING NOTICE TO A USER
For general inquiries please contact support@veiexchange.net