Terms of Use

Client’s Agreement (Terms and conditions for eligible counterparties)

1. Overview

  1. The Company acts as a Principal, not as an agent on behalf of You.
  2. This Agreement and all transactions are subject to Regulations that You must comply with. In the event of a conflict between the provisions of this Agreement and applicable rules and regulations, the applicable regulations will take precedence.
    Furthermore, this Agreement does not limit or exclude any obligation the Company may have to You under applicable regulations.
  3. If a Market or Regulatory body requests information regarding any of the Transactions related to the services provided by the Company, You agree to cooperate and provide the requested information promptly.
  4. The Company provides services exclusively for legal entities.

2. Offered Services

The Company will provide the following Services:

  • Platform and software support for the exchange of currencies.
  • Activities related to currency wallets.
  • Keeping funds on currency wallets.
  • Transfer of funds between accounts.
  • Other related operations/transactions to support main activities.

3. Fee Structure

You agree to pay the Company fees amounting to 2% of the quarterly turnover for the use of the Platform(s) as a Service and any other services provided under Clause 2.

4. Non-Advisory Disclaimer

  1. The Company does not provide advice.
  2. Any additional information provided by the Company, written or otherwise, while applying the terms of this Agreement is provided on an “AS IS” basis to assist You in making decisions. The Company makes no representation, warranty, or guarantee regarding the accuracy of such information.

5. Placing Orders

  1. The Company does not accept orders by telephone; orders must be placed through the electronic interface.
  2. Any orders and instructions entered by You through the electronic services will be considered authorized by You. The Company is not obligated to verify the identity of the person placing the orders.
  3. Orders can only be canceled if the Company has not processed them yet.
  4. The Company reserves the right to refuse to enter into any transaction related to an order placed by You, but will inform You immediately of such refusal.
  5. The Company does not guarantee that all transactions will be executed according to Your instructions, but will make reasonable efforts to do so promptly.
  6. The Company has the discretion to limit and control Your ability to set orders and can modify these limits and controls at any time.

6. Confidential Information

The Company will treat all information related to Your account or transactions as confidential unless obligated by Applicable Regulations or a Court Order. In such cases, the Company will promptly notify You of the disclosure.

7. Fund Ownership

  1. You should only transfer funds to settle Your debt, if applicable. No transfer of ownership of funds can occur for any other reason.
  2. If the Company determines that the funds received from You or on Your behalf exceed the amount needed to cover Your obligations, the Company will transfer the equivalent surplus amount back to You.

8. Duration and Cessation

  1. This Agreement becomes effective upon signature and remains in force for an initial period of 12 months. After that, it automatically renews for subsequent 12-month periods unless terminated as defined in this clause.
  2. The Company may terminate this agreement by providing written notice with immediate effect in any of the following events:
    1. You fail to make any payments requested by the Company as stipulated in this Agreement;
    2. You breach a material clause of this Agreement, and the breach remains unresolved for more than 3 working days after receiving written notice.
  3. Either Party may terminate this Agreement without reason by delivering a 90-day written notice to the other Party.
  4. Either Party may terminate this Agreement in the event of voluntary or involuntary liquidation, bankruptcy, or if any Party is deprived of any necessary licenses to provide its services.

9. Consequences of Termination

  1. In the event of termination, all amounts payable to the Company (including fees, charges, and commissions) become immediately due and payable by You.
  2. If any of the events mentioned in the previous clause result in termination, the Company reserves the right to specify a date, independent of the termination date, on which all Your transactions will be terminated and liquidated.
  3. In the event of termination, the Company also reserves the right to terminate and liquidate any outstanding transactions on the date of termination.

10. Assertions and Guarantees

  1. You provide the following representations to the Company and warrant that:
    • You have the necessary powers, authorities, consents, licenses, and capabilities to enter into this agreement and will maintain them throughout this Agreement.
    • The financial status and operational information You provided are accurate and not misleading in any way.
    • You will comply with all applicable Rules and Regulations and promptly notify the Company of any changes that may affect Your Regulatory status.

11. Liability Constraints

  1. The Company accepts no liability for internet breakdowns, failures, malfunctions, disconnections, or delays in transmission or communication due to network failure.
  2. The Company is not liable for any special or consequential damages, loss of profit, loss of goodwill, or any losses suffered by You connected to the present Agreement.
  3. You, however, are liable to the Company for all orders entered by You or on Your behalf on the Electronic Trading Service and responsible for the settlement of any Transactions associated with You.

12. Jurisdiction and Applicable Law

All disputes and controversies arising between the parties during the performance of this Agreement or any of its clauses will be settled through negotiations. Both Parties agree to exercise benevolence and make efforts to find amicable solutions. If no agreement can be reached, both Parties agree that any dispute will be submitted to the Courts.

13. Other Provisions

  1. Any amendments to this Agreement can be made solely by the Company with prior ten days’ written notice to the parties.
  2. All notices and messages must be given in writing. A notice will be deemed duly given if sent by registered email message, letter, fax, or delivered in person to the address of the corresponding party, as set out in this Agreement, with acknowledgment of receipt.
  3. If any provision of this Agreement is declared invalid, illegal, or unenforceable according to applicable laws, it will not affect the validity, legality, or enforceability of other provisions.
  4. You may not assign or subcontract any of Your duties or obligations under this Agreement without the prior written consent of the Company.
  5. All terms and conditions of this Agreement are essential, and a breach of any of them entitles the innocent party to claim damages in accordance with applicable legislation and the terms of this Agreement.
  6. Failure of the Parties to exercise any of their rights granted by this Agreement at any time does not constitute a waiver of such rights.
  7. This Agreement is binding for both Parties, their employees, representatives, heirs, and successors.
  8. All parties acknowledge that they have read the foregoing Agreement and, by their initials and signatures, confirm that they have full authority to execute the document on behalf of the party.