Terms and Conditions
Forex Trade ltd (hereof: "4xt" or "the company"), operates a forex trading system, and enables its clients to execute forex trades using the company's platform and website – www.4xt.com.
This user agreement details the usage terms of the web site, executing forex trade with use of the platform and any other service provided by the company. Using any service of the company is subject to your agreement and declaration that you (the client) have read and agreed to the terms of this user agreement.
Client responsibility:
Usage of the web site, the company's platform any other service is personal and permitted from age 18 and above. The client is responsible to make sure that there is no legal or other obstacle to its use of the company services and that he has fulfill any legal demand. The company will not be responsible in any way to any action being taken against all mentions in this user agreement and/or someone who is not permitted to take such action.
Usage of the platform is by limited license given by the company to the client. The license is personal, non transferable and is subject to this agreement. Client may not transfer, assign, and enable other to make any use of the license or act in the clients account by someone other then the client, and/or give the clients user name and password to anyone. Any action taken in contradiction to this terms and any damage caused to the client, the company and any third party, will be under the client's sole responsibility.
All trades, including deposit and withdraw of the deposit is clients responsibility. Also, all end-user equipment needed for the client for proper operation is under client's responsibility, including safeguarding clients of user name and password
Forex trading platform:
The company platform enables trading in foreign exchange rates of different currencies, commodities, CFD and any other service provided by the company (all hereof: currencies) through the internet, phone and fax orders to the dealing room and any other way added by the company. The platform displays exchange rates of different currency pairs, based on different financial information systems, as the most updated exchange rates in the international forex market. For determining the exchange rates for different time periods, the platform is making mathematical calculations according to known and accepted forex markets formulas. The result is final and obligating. Calculated exchanges rats include company's spread between ask/bid rates.
The trading platform does not allow trades that risk more then the deposit that exist in the clients account. The client hereby grant the company authorizing to act in his account in order to stop loses, if such an order was not given by the client, so that the maximum loss will not increase over the deposit in the account. Stop loss trade is a trade attached to the trade preformed by the client, in purpose is to stop losses on a losing trade. The client can chose a stop loss exchange rate, or the trading platform can automatically chose the stop loss rates by endangering the deposit in the account.
Trades are automatically renewed every night at 22:00 GMT that takes place at the trade day and until the trade ends. Trade is ended in any of these events: A. client closes the trade. B. trade rates meet with stop loss or take profit predefined rates. C. trade expired according to expiration time. It is to be clarified that the company does not obligate that performing will be available all 24-hours period and will not advise the client about performing or avoiding from performing any trading action. Other trades that are available with the platform are forward trades – which are an exchange trade between two currencies at known rate and future time. Forward rate is made of known quote rate and interest difference of the two currencies for the time period until the designated time, and Limit trades - an exchange trade that is conditional to a predefined exchange rate. The trade will be executed when the forex market tare will reach the predefined exchange rate.
Stop Loss - Forex Trade guarantee stop loss rates, but not: (a) entry stops, (b) stop losses based on hedged trades (two trades in opposite directions both with stop losses in either the same currency or similarly related/ correlated currencies) that are an artificial way to create an entry stop (c) slippage trades as a result of market cease of trading. (d) Instruments other then currencies and or instruments that do not have 24-hour trading such as CFD's, Indices, Oils and Gases some Currencies and all instruments during holidays, weekends, news announcements, special events and or crises may trade through a gap in the market.
Deposit and withdraw of the guarantee:
Condition for making trade and opening an account is making a deposit by the client to ensure his trade according to the rules set by the company. The deposit bares no interest. Loses originated from trades will be deducted from the guarantee and profits will be added to the guarantee and will provide additional guarantee for trades. Any portion of the funds that are not used as guarantee can be withdrawn by the client by a proper order to the company. The client can see his guarantee funds and open trades by entering the platform.
Making a deposit is possible with different methods of pay and in any currency, and the deposit will be converted and managed in US dollars, according to the last known representative rate.
When making a bank transfer, according to anti-trust law and regulations, the client is required to make use one bank account, present at his country of living and registered under his name. The client should send the company an authentic SWIFT confirmation, stating full bank account details. Undelivery of the SWIFT or unsuitability to the client's details registrated at the company, may result to the return of the funds transferred to the company.
When making a deposit in cash, check or any method decided by the company, the client will be required to identify himself according to the company regulations and any law. The client is required to provide full and true information and sign any document needed to for proper operation on the platform and management of the deposit funds.
Withdraw of the deposit funds will executed within 3 working days upon a client's withdraw request (Friday, Saturday and Sunday are not working days, In addition to holidays and any other non-working days), and will be in the same currency and to the same account/credit card from which the funds were originally deposit, unless the company has decided, by its own discretion, to return the funds to the client to a different account form which he has made the deposit.
The client declares that the funds are not from criminal an illegal activity and no violation of anti-trust law in Israel and the world.
The client will have no claim against the company and will not hold the company responsible to any delay and or differences origin from credit companies rates calculation and/or commission and/or any other debit, including credit companies identification regulations and any other demand. In resemblance, client will have no claim against the company and will not hold the company responsible to any delay and/or differences and/or any commission etc. origin from banking system.
Margin call – it is the client's responsibility to verify that there are sufficient funds in the account to cover any and all open trades, otherwise, the platform may inform about lack of guarantees, which will demand the client to complete the necessary funds. If the additional necessary funds will not be deposit, the system will close the clients' trade as a result of lack of sufficient guarantee.
Authorization to the company:
The company is entitled, by its own discretion, to act as a mediator and cover the clients positions by other clients and/or financial corporate, and also act as a market maker, and to constitute as an opposite side to the client's trade. The company does not serve as a messenger and/or trustee and or mediator of/for the client.
The company is entitled to, by its own discretion, to determine the maximum position level and the maximum open positions at any account and the platform.
The company allows the execution of trades, by using the internet, up to 10 million base currency and/or 20 million accumulated base currency, simultaneously. For additional trades, a special confirmation of the trading room is required. The company is entitled, by its own discretion, to cancel any trade that have been executed in contradiction to this terms. Several accounts of the same client will be considered as a single account in connection to this terms.
In case of wrong rates quotes and/or wrong action, including rates quote that does not reflect the true rate in the forex markets at that time, mistake made by the company and or any of uts employees, delay, fault or mishap etc. in computing and data systems, those owned and operated by the company as well as systems not owned or operated by the company, The company is entitled, by its own discretion, to cancel any trade made based on those wrong quotes and/or faults.
The company does not allow actions or non-actions based on arbitrage based on different systems in the forex markets.
The costumer hereby insures that he/she is aware that in times of publishing messages and or financial news in the world markets, sharp changes can occur in the currencies exchange rates, and in the time around those publications, delays and errors in the exchange rates quotes can be occurred. The company recommends not to trade in proximity to those publications, since trades made at that time may be based on wrong rates, which may lead to the cancellation of those trades.
The company is entitled, by its own discretion, to cancel any trade that have been executed due or in connection with an error, including wrong rates, system malfunction etc. company's record will serve as decisive evidence to the correct exchange rates in the world markets and the wrong rate quote given to the client, and the company is entitled to correct or cancel any trade based on the correct exchange rates. Company records will serve as a definitive avidance to the true and fault rates given to the client.
The company is entitled, by its own discretion, to refuse to perform any trade.
Reports:
Client can see his open trades ("positions") and guarantee funds situation at any time by accessing his account in the company's platform and viewing past trades reports generated by the company.
Tax:
The company as all rights to collects from the clients account all tax and any other pay resulting from his trading.
Financial knowledge of the client:
It is to be clear that the services provided by the company are designated to clients that possess financial knowledge and experience, and can evaluate the risks involve in speculative trading in general markets and in forex trading in particular, which characterized by fast changes in the exchange rates, and can cause the loss of the deposit funds rapidly, including as a result of market conditions that does not allow executing of limit orders.
By using the platform, the client declares that he/she has former knowledge of forex trading, is in a reasonably strong financial condition in relation s to the guarantee funds and can consider his trading actions and the risks involved before executing any trade.
Limitation of Liability:
It is hereby clarified that the Company, its managers, employees, shareholders and any entity on its behalf, acting in the website, do not claim to advise any person with regards to whether or not the purchase, sale, holding or investment in foreign currency is worthwhile. Therefore, the information appearing on the website, its notices, data or other materials appearing therein, shall not be viewed as a recommendation or opinion on the subject, and any person making a decision based on information appearing on the website is doing so at his own risk. The user proclaims that he is aware that nothing in the website can replace advice which takes into account his person information and needs and/or any other person’s, and that investment in foreign currency can lead to tremendous losses. The Company, its managers, employees, and anyone acting on its behalf or in the website, may have personal interest in any subject contained on the website and it is possible that they own foreign currency and/or options with respect to foreign currency.
It is the customer’s responsibility to verify that performance of the transactions and use of the transaction system does not negate any law or rule which apply to him, and to fulfill any legal obligation effective with respect to him and resulting from the use of this website, and shall not make use of the system which is against any law.
The Customer is solely responsible for all transactions performed in his account, including all deposit and withdrawal transactions performed with his credit card, and is responsible for the safekeeping of his account password. The Customer shall be solely responsible for any harm caused as a result of an action or non-action by the Customer which will lead to inappropriate or unwanted behavior in his account.
The Company reserves the exclusive right to immediately stop the Customer’s user of the website and/or the commerce system, at any time, at its sole and exclusive discretion, if the user performed any inappropriate use and/or unreasonable use of the website or violated any of the terms of use.
It is further clarified that the directors in the Company, the position holders, its employees and agents, are not responsible to any event of damage and/or expense caused to the customer, including without limitation loss of profit and/or any other damage, direct or indirect, and/or circumstantial in connection with the performance of transactions and obtaining the services of the Company, and the Customer proclaims that he is personally responsible to any risk caused thereto through the use of the website and/or the commerce system and/or the Company’s services.
Cease of Commerce:
Due to the fact that commerce system is based, amongst others, on networks for the exchange of information and the Internet, the commerce or any part thereof may be ceased and/or disrupted and etc., without prior notice or for reasons which are not under the Company’s control. In a situation in which commerce is disrupted, the Company shall be permitted to close all open transactions made by the customer, without prior notice, inasmuch as possible in fair prices reflecting the market condition at that moment. The Customer shall have no claim, demand or right for indemnification in such an event, with respect to damages he claims were caused to the cease of commerce and/or due to transactions he performed or did not perform.
In general, in the event of problems with the information exchange network, the internet and etc., the Company shall be entitled to stop commerce at its sole and exclusive disclosure, without an obligation to explain or any other obligation, except for giving notice regarding the problem and the ceasing of commerce. In such an event, the Company shall be entitled to stop and/or enable the holding of the positions in the Customer’s accounts until their expiration. It is hereby clarified that since the information is received from international information providers who are a third party, it is impossible for the Company to be responsible for the updating and accuracy of the information appearing in the website and its conformance with the updating pace of the international market. In the event that an error in transmission of the information becomes known, the Company may stop the posting of this information and posing of a notice in the system.
Inactive Accounts :
The Company shall be entitled, in the event that the Customer did not perform a commerce action for above sixty (60) days, to charge the Customer a management fee for an inactive account, in an amount set by the Company from time to time, which shall be charged from the deposit made by the Customer, and/or to close the Customer’s account in the system and return the deposit thereto.
Force Majeure:
The Company shall not bear responsibility to any harm or any form which shall be caused to the Customer in the event that such harm is the result of a force majeure and any outside event which is not in the control of the Company which influences commerce in the website. The Company shall not bear any responsibility for any delay in communications and/or failure in the internet, including, without limitation, computer crashes or any other technical failure, whether caused by the telephone companies and various telecommunication lines, the ISP computers, the Company’s computers or the Customer’s Computers.
Intellectual Property:
The information posted on the website, and its edited format, are the property of the Company. Any information and/or materials appearing and/or viewable in the website are the sole and exclusive property of the Company, whether posted thereby or by a user of its system or by any third party, without derogating from the limitation of liability detailed above. There is an absolute prohibition to copy, post, rewrite and make any use that is not explicitly permitted in these terms of use in any part of the information without the explicit written permission of the Company, as obtained in advance.
All trademarks appearing on the site are the sole and exclusive property of the Company and/or a third party. Unauthorized use of the said trademarks is explicitly prohibited, except in the vent that an advance written approval was granted by the Company or the relevant third party who owns the relevant trademarks. The website and the information appearing therein are protected by the copyright laws of the state of Israel, international treaties and copyright laws of additional countries.
Use of Information and Protection of Privacy :
The User hereby grants his consent to the Company performing computerized supervision of his use of the services (including, without limitation, use of “cookies” and similar tools) and to use the information for the review and/or supervision and/or development and/or maintenance of the quality of services, their availability and/or for the fulfillment of any instruction of any law. Without derogating from the aforesaid, the Company shall be permitted:
To provide the details of the user to third parties in order to collect funds due (if they are due) to the Company from the user with respect to the services, so long as the third party agrees to maintain in confidence all information received thereby with connection to the User.
To provide the details to another or to others in accordance to law.
To use the details of the user and the other information in its possession for the needs of the Company.
The User hereby grants the Company his permission to make use of his user details in order to provide updates and/or information and/or publicity and/or marketing purposes through his e-mail address. Cancellation of this consent shall be performed by providing written notice to the Company, and shall apply to new publications that have not been sent. The Company shall be entitled to use and collect the information provided by the User for its own information pool, for commercial use.
It is hereby clarified that the Company is doing its best to protect the privacy of the users in the website, and is maintaining reasonable efforts to protect such information. Notwithstanding, the Company shall be entitled to reveal information related to the User in accordance with any law and/or legal proceedings and/or for the protection of the Company and anyone on its behalf.
Advertisements and Links:
The Company is not responsible in any way for advertisement content which appears on the website. The appearance of a commercial on the website does not imply the support of the Company and/or its responsibility and/or obligation towards its content, the advertised product or services, their quality or correctness. A link from the website to an external website (the “External Website”) does not imply that the Company is responsible or in control of the content and/or the activity of the External Website, and the Company shall not bear any liability with respect to issues related to External Websites.
The User is not permitted to create links to the website’s pages and/or to copy parts and/or materials from the website. In general, the User may not make any use of the website for any purpose except for the limited permissions granted and/or performance of transactions. In the event that Customer has breached the aforesaid, his limited license to use the website shall expire immediately, and his ability to use the system and the Company’s services shall cease, without the Customer having any right or claim.
Disruption of the use of the System :
The User undertakes to indemnify the Company and/or anyone acting on its behalf, immediately with their first requirement, with respect to any non-permitted action or non-action, including, without limitation: (a) intrusion into materials or computer files not in accordance to law and/or transmission of computer viruses to other computers and/or disruption of use of other computers, (b) Any use which can cause harm or disruption or limit the use of others in the Company’s services and/or which may leaf to a breach of rights of others, and/or the sending of e-mails to users in a way which leads to complaints or includes information which is against customary conduct acceptable on the internet, including harassment, threats, libels, humiliation, breach of privacy and etc., (c) with respect to any responsibility, claim, harm, or loss (including legal fees) which result from use, inappropriate use or incorrect use, disruption or failure and/or any action prohibited by law. Client hereby approve that he is using reasonable safety actions necessary to protect his computer from hacking, Trojan horses and other malicious uses and will not hold the company responsible to any damage caused to his computer or trades.
Waiver of Responsibility:
The client waves all claims against the company and its delegates of any harm or loss, if suffered, regarding the website, the platform, trading and any other action or service provided by the company, including agreements and pay made by the company to an account manager in the clients account.
Compensation and deduction rights:
The client obligates to compensate the company and her delegates and the company will have full deduction right regarding any debt or expanse caused to the company and/or its delegates by the client.
Risk discloser:
It his made clear that trading in forex rates, especially due to high volatility and margin available, involves high risk, and may cause high loses to the deposit funds, and in a short period of time. The trader is asked to carefully consider his financial status and his risk/reward ratio, and to pay attention to his ability to lose the deposit funds. It is recommended that the trader will purchase theoretical knowledge prior to his real trading. The company is and will, in no way, responsible to the trades executed or not executed, by the client.
Change of terms:
The company holds the right to update the terms of this agreement from time to time according to its sole discretion, and the updated agreement will bind the parties from the moment the new agreement has been posted at the website.
Governing Law:
This Agreement shall be governed by and construed in accordance with the laws of the British Virgin Islands, and any legal matter shall be under the unique authority of the court in the British Virgin Islands. Company's books will be decisive evidence between the parties.The company shall hold the ability to bring legal proceedings against the trader in the client's place of residence, immediately and without prior arbitration, in relation to any funds owed by the trader to the company. In such case, the governing law can be, according to the company's decision, the applicable law at the trader's place of residence.
I hereby declare that I have read, understood and taken upon my self the terms of this agreement.
Forex Trade ltd (hereof: "4xt" or "the company"), operates a forex trading system, and enables its clients to execute forex trades using the company's platform and website – www.4xt.com.
This user agreement details the usage terms of the web site, executing forex trade with use of the platform and any other service provided by the company. Using any service of the company is subject to your agreement and declaration that you (the client) have read and agreed to the terms of this user agreement.
Client responsibility:
Usage of the web site, the company's platform any other service is personal and permitted from age 18 and above. The client is responsible to make sure that there is no legal or other obstacle to its use of the company services and that he has fulfill any legal demand. The company will not be responsible in any way to any action being taken against all mentions in this user agreement and/or someone who is not permitted to take such action.
Usage of the platform is by limited license given by the company to the client. The license is personal, non transferable and is subject to this agreement. Client may not transfer, assign, and enable other to make any use of the license or act in the clients account by someone other then the client, and/or give the clients user name and password to anyone. Any action taken in contradiction to this terms and any damage caused to the client, the company and any third party, will be under the client's sole responsibility.
All trades, including deposit and withdraw of the deposit is clients responsibility. Also, all end-user equipment needed for the client for proper operation is under client's responsibility, including safeguarding clients of user name and password
Forex trading platform:
The company platform enables trading in foreign exchange rates of different currencies, commodities, CFD and any other service provided by the company (all hereof: currencies) through the internet, phone and fax orders to the dealing room and any other way added by the company. The platform displays exchange rates of different currency pairs, based on different financial information systems, as the most updated exchange rates in the international forex market. For determining the exchange rates for different time periods, the platform is making mathematical calculations according to known and accepted forex markets formulas. The result is final and obligating. Calculated exchanges rats include company's spread between ask/bid rates.
The trading platform does not allow trades that risk more then the deposit that exist in the clients account. The client hereby grant the company authorizing to act in his account in order to stop loses, if such an order was not given by the client, so that the maximum loss will not increase over the deposit in the account. Stop loss trade is a trade attached to the trade preformed by the client, in purpose is to stop losses on a losing trade. The client can chose a stop loss exchange rate, or the trading platform can automatically chose the stop loss rates by endangering the deposit in the account.
Trades are automatically renewed every night at 22:00 GMT that takes place at the trade day and until the trade ends. Trade is ended in any of these events: A. client closes the trade. B. trade rates meet with stop loss or take profit predefined rates. C. trade expired according to expiration time. It is to be clarified that the company does not obligate that performing will be available all 24-hours period and will not advise the client about performing or avoiding from performing any trading action. Other trades that are available with the platform are forward trades – which are an exchange trade between two currencies at known rate and future time. Forward rate is made of known quote rate and interest difference of the two currencies for the time period until the designated time, and Limit trades - an exchange trade that is conditional to a predefined exchange rate. The trade will be executed when the forex market tare will reach the predefined exchange rate.
Stop Loss - Forex Trade guarantee stop loss rates, but not: (a) entry stops, (b) stop losses based on hedged trades (two trades in opposite directions both with stop losses in either the same currency or similarly related/ correlated currencies) that are an artificial way to create an entry stop (c) slippage trades as a result of market cease of trading. (d) Instruments other then currencies and or instruments that do not have 24-hour trading such as CFD's, Indices, Oils and Gases some Currencies and all instruments during holidays, weekends, news announcements, special events and or crises may trade through a gap in the market.
Deposit and withdraw of the guarantee:
Condition for making trade and opening an account is making a deposit by the client to ensure his trade according to the rules set by the company. The deposit bares no interest. Loses originated from trades will be deducted from the guarantee and profits will be added to the guarantee and will provide additional guarantee for trades. Any portion of the funds that are not used as guarantee can be withdrawn by the client by a proper order to the company. The client can see his guarantee funds and open trades by entering the platform.
Making a deposit is possible with different methods of pay and in any currency, and the deposit will be converted and managed in US dollars, according to the last known representative rate.
When making a bank transfer, according to anti-trust law and regulations, the client is required to make use one bank account, present at his country of living and registered under his name. The client should send the company an authentic SWIFT confirmation, stating full bank account details. Undelivery of the SWIFT or unsuitability to the client's details registrated at the company, may result to the return of the funds transferred to the company.
When making a deposit in cash, check or any method decided by the company, the client will be required to identify himself according to the company regulations and any law. The client is required to provide full and true information and sign any document needed to for proper operation on the platform and management of the deposit funds.
Withdraw of the deposit funds will executed within 3 working days upon a client's withdraw request (Friday, Saturday and Sunday are not working days, In addition to holidays and any other non-working days), and will be in the same currency and to the same account/credit card from which the funds were originally deposit, unless the company has decided, by its own discretion, to return the funds to the client to a different account form which he has made the deposit.
The client declares that the funds are not from criminal an illegal activity and no violation of anti-trust law in Israel and the world.
The client will have no claim against the company and will not hold the company responsible to any delay and or differences origin from credit companies rates calculation and/or commission and/or any other debit, including credit companies identification regulations and any other demand. In resemblance, client will have no claim against the company and will not hold the company responsible to any delay and/or differences and/or any commission etc. origin from banking system.
Margin call – it is the client's responsibility to verify that there are sufficient funds in the account to cover any and all open trades, otherwise, the platform may inform about lack of guarantees, which will demand the client to complete the necessary funds. If the additional necessary funds will not be deposit, the system will close the clients' trade as a result of lack of sufficient guarantee.
Authorization to the company:
The company is entitled, by its own discretion, to act as a mediator and cover the clients positions by other clients and/or financial corporate, and also act as a market maker, and to constitute as an opposite side to the client's trade. The company does not serve as a messenger and/or trustee and or mediator of/for the client.
The company is entitled to, by its own discretion, to determine the maximum position level and the maximum open positions at any account and the platform.
The company allows the execution of trades, by using the internet, up to 10 million base currency and/or 20 million accumulated base currency, simultaneously. For additional trades, a special confirmation of the trading room is required. The company is entitled, by its own discretion, to cancel any trade that have been executed in contradiction to this terms. Several accounts of the same client will be considered as a single account in connection to this terms.
In case of wrong rates quotes and/or wrong action, including rates quote that does not reflect the true rate in the forex markets at that time, mistake made by the company and or any of uts employees, delay, fault or mishap etc. in computing and data systems, those owned and operated by the company as well as systems not owned or operated by the company, The company is entitled, by its own discretion, to cancel any trade made based on those wrong quotes and/or faults.
The company does not allow actions or non-actions based on arbitrage based on different systems in the forex markets.
The costumer hereby insures that he/she is aware that in times of publishing messages and or financial news in the world markets, sharp changes can occur in the currencies exchange rates, and in the time around those publications, delays and errors in the exchange rates quotes can be occurred. The company recommends not to trade in proximity to those publications, since trades made at that time may be based on wrong rates, which may lead to the cancellation of those trades.
The company is entitled, by its own discretion, to cancel any trade that have been executed due or in connection with an error, including wrong rates, system malfunction etc. company's record will serve as decisive evidence to the correct exchange rates in the world markets and the wrong rate quote given to the client, and the company is entitled to correct or cancel any trade based on the correct exchange rates. Company records will serve as a definitive avidance to the true and fault rates given to the client.
The company is entitled, by its own discretion, to refuse to perform any trade.
Reports:
Client can see his open trades ("positions") and guarantee funds situation at any time by accessing his account in the company's platform and viewing past trades reports generated by the company.
Tax:
The company as all rights to collects from the clients account all tax and any other pay resulting from his trading.
Financial knowledge of the client:
It is to be clear that the services provided by the company are designated to clients that possess financial knowledge and experience, and can evaluate the risks involve in speculative trading in general markets and in forex trading in particular, which characterized by fast changes in the exchange rates, and can cause the loss of the deposit funds rapidly, including as a result of market conditions that does not allow executing of limit orders.
By using the platform, the client declares that he/she has former knowledge of forex trading, is in a reasonably strong financial condition in relation s to the guarantee funds and can consider his trading actions and the risks involved before executing any trade.
Limitation of Liability:
It is hereby clarified that the Company, its managers, employees, shareholders and any entity on its behalf, acting in the website, do not claim to advise any person with regards to whether or not the purchase, sale, holding or investment in foreign currency is worthwhile. Therefore, the information appearing on the website, its notices, data or other materials appearing therein, shall not be viewed as a recommendation or opinion on the subject, and any person making a decision based on information appearing on the website is doing so at his own risk. The user proclaims that he is aware that nothing in the website can replace advice which takes into account his person information and needs and/or any other person’s, and that investment in foreign currency can lead to tremendous losses. The Company, its managers, employees, and anyone acting on its behalf or in the website, may have personal interest in any subject contained on the website and it is possible that they own foreign currency and/or options with respect to foreign currency.
It is the customer’s responsibility to verify that performance of the transactions and use of the transaction system does not negate any law or rule which apply to him, and to fulfill any legal obligation effective with respect to him and resulting from the use of this website, and shall not make use of the system which is against any law.
The Customer is solely responsible for all transactions performed in his account, including all deposit and withdrawal transactions performed with his credit card, and is responsible for the safekeeping of his account password. The Customer shall be solely responsible for any harm caused as a result of an action or non-action by the Customer which will lead to inappropriate or unwanted behavior in his account.
The Company reserves the exclusive right to immediately stop the Customer’s user of the website and/or the commerce system, at any time, at its sole and exclusive discretion, if the user performed any inappropriate use and/or unreasonable use of the website or violated any of the terms of use.
It is further clarified that the directors in the Company, the position holders, its employees and agents, are not responsible to any event of damage and/or expense caused to the customer, including without limitation loss of profit and/or any other damage, direct or indirect, and/or circumstantial in connection with the performance of transactions and obtaining the services of the Company, and the Customer proclaims that he is personally responsible to any risk caused thereto through the use of the website and/or the commerce system and/or the Company’s services.
Cease of Commerce:
Due to the fact that commerce system is based, amongst others, on networks for the exchange of information and the Internet, the commerce or any part thereof may be ceased and/or disrupted and etc., without prior notice or for reasons which are not under the Company’s control. In a situation in which commerce is disrupted, the Company shall be permitted to close all open transactions made by the customer, without prior notice, inasmuch as possible in fair prices reflecting the market condition at that moment. The Customer shall have no claim, demand or right for indemnification in such an event, with respect to damages he claims were caused to the cease of commerce and/or due to transactions he performed or did not perform.
In general, in the event of problems with the information exchange network, the internet and etc., the Company shall be entitled to stop commerce at its sole and exclusive disclosure, without an obligation to explain or any other obligation, except for giving notice regarding the problem and the ceasing of commerce. In such an event, the Company shall be entitled to stop and/or enable the holding of the positions in the Customer’s accounts until their expiration. It is hereby clarified that since the information is received from international information providers who are a third party, it is impossible for the Company to be responsible for the updating and accuracy of the information appearing in the website and its conformance with the updating pace of the international market. In the event that an error in transmission of the information becomes known, the Company may stop the posting of this information and posing of a notice in the system.
Inactive Accounts :
The Company shall be entitled, in the event that the Customer did not perform a commerce action for above sixty (60) days, to charge the Customer a management fee for an inactive account, in an amount set by the Company from time to time, which shall be charged from the deposit made by the Customer, and/or to close the Customer’s account in the system and return the deposit thereto.
Force Majeure:
The Company shall not bear responsibility to any harm or any form which shall be caused to the Customer in the event that such harm is the result of a force majeure and any outside event which is not in the control of the Company which influences commerce in the website. The Company shall not bear any responsibility for any delay in communications and/or failure in the internet, including, without limitation, computer crashes or any other technical failure, whether caused by the telephone companies and various telecommunication lines, the ISP computers, the Company’s computers or the Customer’s Computers.
Intellectual Property:
The information posted on the website, and its edited format, are the property of the Company. Any information and/or materials appearing and/or viewable in the website are the sole and exclusive property of the Company, whether posted thereby or by a user of its system or by any third party, without derogating from the limitation of liability detailed above. There is an absolute prohibition to copy, post, rewrite and make any use that is not explicitly permitted in these terms of use in any part of the information without the explicit written permission of the Company, as obtained in advance.
All trademarks appearing on the site are the sole and exclusive property of the Company and/or a third party. Unauthorized use of the said trademarks is explicitly prohibited, except in the vent that an advance written approval was granted by the Company or the relevant third party who owns the relevant trademarks. The website and the information appearing therein are protected by the copyright laws of the state of Israel, international treaties and copyright laws of additional countries.
Use of Information and Protection of Privacy :
The User hereby grants his consent to the Company performing computerized supervision of his use of the services (including, without limitation, use of “cookies” and similar tools) and to use the information for the review and/or supervision and/or development and/or maintenance of the quality of services, their availability and/or for the fulfillment of any instruction of any law. Without derogating from the aforesaid, the Company shall be permitted:
To provide the details of the user to third parties in order to collect funds due (if they are due) to the Company from the user with respect to the services, so long as the third party agrees to maintain in confidence all information received thereby with connection to the User.
To provide the details to another or to others in accordance to law.
To use the details of the user and the other information in its possession for the needs of the Company.
The User hereby grants the Company his permission to make use of his user details in order to provide updates and/or information and/or publicity and/or marketing purposes through his e-mail address. Cancellation of this consent shall be performed by providing written notice to the Company, and shall apply to new publications that have not been sent. The Company shall be entitled to use and collect the information provided by the User for its own information pool, for commercial use.
It is hereby clarified that the Company is doing its best to protect the privacy of the users in the website, and is maintaining reasonable efforts to protect such information. Notwithstanding, the Company shall be entitled to reveal information related to the User in accordance with any law and/or legal proceedings and/or for the protection of the Company and anyone on its behalf.
Advertisements and Links:
The Company is not responsible in any way for advertisement content which appears on the website. The appearance of a commercial on the website does not imply the support of the Company and/or its responsibility and/or obligation towards its content, the advertised product or services, their quality or correctness. A link from the website to an external website (the “External Website”) does not imply that the Company is responsible or in control of the content and/or the activity of the External Website, and the Company shall not bear any liability with respect to issues related to External Websites.
The User is not permitted to create links to the website’s pages and/or to copy parts and/or materials from the website. In general, the User may not make any use of the website for any purpose except for the limited permissions granted and/or performance of transactions. In the event that Customer has breached the aforesaid, his limited license to use the website shall expire immediately, and his ability to use the system and the Company’s services shall cease, without the Customer having any right or claim.
Disruption of the use of the System :
The User undertakes to indemnify the Company and/or anyone acting on its behalf, immediately with their first requirement, with respect to any non-permitted action or non-action, including, without limitation: (a) intrusion into materials or computer files not in accordance to law and/or transmission of computer viruses to other computers and/or disruption of use of other computers, (b) Any use which can cause harm or disruption or limit the use of others in the Company’s services and/or which may leaf to a breach of rights of others, and/or the sending of e-mails to users in a way which leads to complaints or includes information which is against customary conduct acceptable on the internet, including harassment, threats, libels, humiliation, breach of privacy and etc., (c) with respect to any responsibility, claim, harm, or loss (including legal fees) which result from use, inappropriate use or incorrect use, disruption or failure and/or any action prohibited by law. Client hereby approve that he is using reasonable safety actions necessary to protect his computer from hacking, Trojan horses and other malicious uses and will not hold the company responsible to any damage caused to his computer or trades.
Waiver of Responsibility:
The client waves all claims against the company and its delegates of any harm or loss, if suffered, regarding the website, the platform, trading and any other action or service provided by the company, including agreements and pay made by the company to an account manager in the clients account.
Compensation and deduction rights:
The client obligates to compensate the company and her delegates and the company will have full deduction right regarding any debt or expanse caused to the company and/or its delegates by the client.
Risk discloser:
It his made clear that trading in forex rates, especially due to high volatility and margin available, involves high risk, and may cause high loses to the deposit funds, and in a short period of time. The trader is asked to carefully consider his financial status and his risk/reward ratio, and to pay attention to his ability to lose the deposit funds. It is recommended that the trader will purchase theoretical knowledge prior to his real trading. The company is and will, in no way, responsible to the trades executed or not executed, by the client.
Change of terms:
The company holds the right to update the terms of this agreement from time to time according to its sole discretion, and the updated agreement will bind the parties from the moment the new agreement has been posted at the website.
Governing Law:
This Agreement shall be governed by and construed in accordance with the laws of the British Virgin Islands, and any legal matter shall be under the unique authority of the court in the British Virgin Islands. Company's books will be decisive evidence between the parties.The company shall hold the ability to bring legal proceedings against the trader in the client's place of residence, immediately and without prior arbitration, in relation to any funds owed by the trader to the company. In such case, the governing law can be, according to the company's decision, the applicable law at the trader's place of residence.
I hereby declare that I have read, understood and taken upon my self the terms of this agreement.