Last Updated: 1st Apr, 2020
This Agreement together with any accompanying documents (hereinafter, the “Agreement”) sets out the Terms & Conditions between you, the customer (also referred as the Client) and us, UK24Trade Ltd (the ”Company” or “Us” and these apply to your (“user”, “you“) use of the Services, including uk24.trade (“Website“, or “Homepage”), and the platform integrated therein and any related applications (including without limitation the mobile one) associ- ated therewith, which are operated and maintained by Us and its affiliates if any (“UK24”, We”, or “Us”).
The Client confirms that he/she has read, understood and accepted all information, conditions and terms set out on Website which are open to be reviewed and can be examined by the public and which include important legal Information.
The Client hereby acknowledges that each and any Operation, activity, transaction, order and/or communication performed by him/her on the Web- site or Trading Platform, including without limitation through the Account shall be governed by and/or must be executed in accordance with the terms and conditions of this Agreement and other documentation/information on the Website.
By accepting this current agreement, the Client confirms that he/she is able to receive information, including amendments to the present Agreement either via email or through the Website.
Company doesn't provide services to citizens and residents of USA, Canada, Bangladesh, European Economic Area, Switzerland, Israel, New Zealand, Australia, North Korea, Puerto Rico, Vanuatu, Yemen, St Vincent and Grenadines and Sudan. By accepting these Terms and Conditions, the Сlient con- firms that Client is neither citizen nor resident of any of the above mentioned countries.
We provide you with the possibility to use our Services as defined above on the following terms and conditions.
Account – means unique personified account registered in the name of the Client and which contains all of the Client’s transactions/ operations on the Trading Platform of the Company.
Agreement - means these Terms and Conditions for the Services offered by the Company.
Operation - means an action or actions related to Client’s purchase and/or selling of financial instruments information about which is available on the Site.
Financial Instruments - means the Financial Instruments that are available on the Company’s Website and/or Trading Platform.
Website - means the webpage, site and homepage that are belonging to Company with the domain, uk24.trade and its sub-domains (if any) and apps that are and optimized for use Services on a smartphone or tablet.
Trading Platform - means an electronic system on the internet that consists of all programs and technology that present quotes in real-time, allow the placement/modification/deletion of orders and calculate all mutual obligations of the Client and the Company.
Terms - mean all of the terms and conditions listed above.
2. SUBJECT OF THE AGREEMENT
If Client does not agree to accept and be bound by this Term, please do not open an account and/or continue to use Company’s website and/or Com- pany’s apps. Client’s further use of Company’s website will constitute Client’s acceptance of this Term.
The Company shall carry out all transactions as provided in this Agreement on an execution-only basis, neither managing the account nor advising the Client. The Company is entitled to execute transactions requested by the Client as provided in this Agreement even if the transaction is not beneficial for the Client. The Company is under no obligation, unless otherwise agreed in this Agreement and/or other documentation/information on the Website, to monitor or advise the Client on the status of any transaction.
The Company shall not be financially liable for any operations conducted by the Client through the Account and/or on the Website or Trading Platform.
Each Client shall be the only authorized user of the Company’s services and of the corresponding Account. The Client is granted an exclusive and non-assignable right to the use of and to access the Account and it is his/her responsibility to ensure that no other third party, including, without limita- tion, to any next of kin and/or to members of his/her immediate family, shall gain access to and/or trade through the Account assigned to her/him.
The Client shall be liable for all orders given through his security information and any orders received in this manner by the Company shall be consid- ered to have been given by the Client. So long as any order are submitted through the Account of a Client, the Company shall reasonably assume that such orders are submitted by Client and the Company shall not be under any obligation to investigate further into the matter. The Company shall not be liable to and/or does not maintain any legal relations with, any third party other than the Client.
If the Client acts on behalf of any third party and/or on behalf of any third party’s name, the Company shall not accept this person as a Client and shall not be liable before this person regardless if such person was identified or not.
3. SERVICES PROVIDED
Our Services provide you with a possibility to Trade binary option product and Exchange one type of crypto asset to another one and other services including, without limitation to customer, news and marketing information services.
For the purposes hereof `Exchange` shall mean an exchange of the crypto asset of one type to the crypto asset of another type at the terms and condi- tions set forth by exchanging parties, which is executed via the Third-party service in respective block-chain network. When you exchange crypto assets you acknowledge and agree that the Exchange will be processed through the third-party exchange service with additional fees applicable to such Exchange. You acknowledge and agree that the exchange rates information made available via the Services are an estimation only and may differ from prevailing rates available via other sources outside of our Services.
`Crypto Assets` herein shall be deemed as type of assets which can only and exclusively be transmitted by means of block-chain technology, including but not limited to digital coins and digital tokens and any other type of digital mediums of exchange, such as Bitcoin, Ethereum, Ripple, etc, to the full and absolute exempt of the securities of any kind.
4. RIGHTS AND OBLIGATIONS
CLIENT HAS A RIGHT:
a. to give Company an order to conduct Operations through the Site.
b. if any disputable situation occurs, to make a claim properly in official letter or by email to the details specified by Company on the Site.
c. to terminate this Agreement unilaterally, in case no debt to Company exists.
CLIENT IS OBLIGED:
a. to observe the provisions of this Agreement when receiving Services and conducting of the Operations on the Site;
b. to be exclusively responsible for all actions or omission resulted from usage of usernames and passwords by Client or other third parties in relation to Client’s usernames and passwords for an access to the Site or platform on the Site;
c. to be exclusively responsible for all Client’s actions and omission, including the responsibility for the giving orders to conduct Operations on the Site;
d. to be solely responsible for the choice of strategy and consideration of possible risks from Operations or receiving of Services;
e. to be fully responsible for preserving confidentiality of information received from Company and to accept risk of possible financial loss of Client or Company resulted from unauthorized access to Client’s Account by the third parties;
f. to notify Company of any changes of Client’s contact details within seven (7) calendar days from the moment of such changes via official letter or email;
g. shall register only 1 (one) Account with the Company. In case that the Client owns multiple accounts, any transactions/Operations made via such multiple accounts and corresponding financial results of such transactions/Operations, can be canceled to the absolute discretion of the Company. All such multiple accounts can be blocked upon the Company’s absolute discretion, and funds deposited and maintained therein shall not be consid ered/treated as financial obligation of the Company towards the Client.
h. to acknowledges and accepts a) the risk of mistakes or misinterpretations in the orders sent through the Trading Platform due to technical or me chanical failures of such electronic means, b) the risk of any delays or other problems as well as c) the risk that the orders may be placed by persons unauthorised to use and/or access the Account, and the Client agrees to indemnify the Company in full for any loss incurred as a result of acting in accordance with such orders.
i. to accepts that during the reception and transmission of his/her order, the Company shall have no responsibility as to its content and/or to the identity of the person placing the order, except where there is gross negligence, willful default or fraud by the Company.
j. to acknowledges that the Company will not take action based on the orders transmitted to the Company for execution by electronic means other than those orders transmitted using the predetermined electronic means such as the Trading Platform, and the Company shall have no liability towards the Client for failing to take action based on such orders.
k. to acknowledges and agrees that any products or services that may be offered by the Company may not always be available for purchasing or use for trading purposes, and it is in the Company's absolute discretion whether it will make these products available or not to the clients at any time. The Company shall bear no liability, monetary or otherwise, in relation to this section, including without limitation to not making available any product at any given time.
COMPANY HAS A RIGHT:
a. if Client violates one or several provisions of this Agreement to review value of the Company’s obligations to Client, with corrections being made to a relevant Client’s Operation register entry;
b. to suspend the provision of Services at any time and without any explanation to Client;
c. to terminate this Agreement unilaterally. In such case, Company shall notify Client by any means available to Company within three (3) business days from the date of termination of this Agreement;
d. to change, add or set as default the option return rate, profit rate, the possibility of acquiring the option type, the minimum and/or the maximum option amount, the possible expiration periods for one, several or all of the assets. Company has the right to limit the maximum amount of pur chased options for any time frame that appears on the trading platform. Client agrees that option price, profitability, quotation, minimum or maxi mum amount of the option and other characteristics may be different for different Clients;
e. to contact Client with any question concerning this Agreement, particularly, in order to make certain in the Client’s intentions regarding Client’s actions on Client’s Account;
f. amend or to rename any sections, articles, clauses and wording of this Agreement or Terms, and Company is not obliged to notify Client regard ing such changes;
g. if any objective causes exist, Company has a right to suspend the provision of Services to Client;
h. to engage the third parties for Service provision in accordance with this Agreement, under the condition that they completely assume the Com pany’s obligations to keep all information received from Client as strictly confidential;
i. in regards to any circumstances and situations not covered by this Agreement Company has a right to act at its own discretion in accordance to business customs and existing practice.
COMPANY IS OBLIGED:
a. in accordance to the provisions of this Agreement to provide Client with Services on the Site;
b. in accordance to the provisions of this Agreement, if no obligations on the Client’s part exist, on the Client’s request to discharge the Company’s financial obligations in favor of Client to the extent of amount of free funds on the Client’s Account;
c. to observe the provisions of this Agreement.
5. LIMITATION OF LIABILITY
The Company does not guarantee uninterrupted service, safe and errors-free, and immunity from unauthorized access to the trading sites' servers nor disruptions caused from damages, malfunctions or failures in hardware, software, communications and systems in the Client's computers and in the Company's suppliers.
Supplying services by the Company depends, inter alia, on third parties and the Company bears no responsibility for any actions or omissions of third parties and bears no responsibility for any damage and/or loss and/or expense caused to the Client and/or third party as a result of and/or in relation to any aforesaid action or omission.
The Company will bear no responsibility for any damage of any kind allegedly caused to the Client, which involves force majeure or any such event that the Company has no control of and which has influenced the accessibility of its trading site.
Under no circumstances will the Company or its Agent(s) hold responsibility for direct or indirect damage of any kind, even if the Company or its Agent(s) had been notified of the possibility of aforesaid damages.
6. PERSONAL DATA
By accepting the terms and conditions of this Agreement, the Client irrevocably consents to the collection and processing of his/her personal data/in- formation by the Company without the use of automatic controls, as the same are provided by him/her to the Company. The term personal data for the purposes of this Agreement shall mean: the First name, Surname, address, phone number, e-mail, IP address of the Client, Cookies and information that relate to the provision of Services to the Client.
The Client shall be obliged to provide correct, accurate and complete personal data/information as requested by the Company.
The purpose of collecting and processing the personal data is to comply with applicable regulating legislation requirements, including without limita- tion to anti-money laundering regulations, as well as for any and all purposes in relation to this Agreement, including without limitation to enable the Company to discharge its obligations towards the Client.
The Client acknowledges and consents to the Company storing, maintaining and processing his/her personal data in the manner as described in this Agreement during the term of the Agreement and for 1 year following any termination of the Agreement.
The Client hereby acknowledges, accepts, agrees and consents to the disclosure of personal data by the Company to third parties and their represent- atives, solely for the purposes of the Agreement, including without limitation in order to facilitate processing/execution of the Client’s orders/Opera- tions, provided that at all times (i) the amount of personal data to be disclosed to any such third party is proportionate and/or limited solely to facilitate to the actions as described above, and (ii) the Company shall ensure that such third party shall treat the personal data in accordance with applicable laws and regulations.
The Company shall not be entitled to make available the personal data in public and/or disclose such personal data for any other purposes, subject to disclosure required under applicable laws and regulations.
During processing of the personal data, the Company shall take necessary legal, organizational and technical measures to protect such personal data from unauthorized or accidental access, destruction, change, blocking, copying, provision, and dissemination as well as from any other illegal actions.
7. ONE CLICK TRADING
The One Click Trading mode for order submission (`One-click trading`) is a one-step process. You will be submitting orders when you single-click either Call Option (Higher) or Put Option (Lower).
There will be no subsequent confirmation prompt for you to click; hence you should ensure beforehand that all parameters are set based on your trad- ing intentions.
By default, the One Click Trading function is activated and the One Click Trading can be activated or deactivated in the settings. By selecting the One Click Trading mode, you understand that your orders will be submitted by clicking the Buy/Call or Sell/Put button, without any further order confirma- tion. You agree to accept all risks associated with the use of the order submission mode you have chosen, including, without limitation, the risk of errors, omissions or mistakes made in submitting any order.
You agree to fully indemnify and hold harmless the Company from any and all losses, costs and expenses that may incur as a result of any such errors, omissions or mistakes by you or any other person trading on your behalf.
By accepting this current agreement, the Client confirms that he/she acknowledge this One Click Trading function and also confirms that he/she is aware that this function is activated by default. If you do not accept the conditions, do not tick the box and do not use the One Click Trading function. You can activate or deactivate One Click Trading mode in the settings of the platform.
8. FEE STRUCTURE
The Company shall be entitled to receive a fee from the Client regarding the Service(s), provided by the Company. Please refer to “Fee structure” page for the further information.
The Company may pay fee/commission to business introducers, referring agents, or other third parties based on written agreement. This fee/commis- sion is related to the frequency/volume of transactions and/or other parameters.
The Client agrees that any amounts sent by the Client will be deposited to the Account at the value on the date of the payment received and net of any charges / fees charged by the blockchain network, the bank or any other intermediary involved in such transaction process and/or in any other case, the Client shall authorize the Company to withdraw the fee by way of transfer from the Client’s Account.
All applicable fees or charges can be found on the Company’s Website (Fee Structure). The Company has the right to amend its fees and charges from time to time. (https://demo.crypto-charter.com/index.php/home/feestructure)
9. GOVERNING LAW
The terms and conditions of this Agreement as well as any matters pertaining to this agreement, including without limitation to matters of interpretation and/or disputes, shall be governed by the laws of St. Vincent and the Grenadines.
The Company and the Clients irrevocably submit to the jurisdiction of the courts of St. Vincent and the Grenadines.
The Company shall be entitled to use the interpreter's’ services during the court trial in case of dealing with disputable situation according to the legis- lation of the St. Vincent and the Grenadines.
10. TERMINATION OF THE AGREEMENT
The Agreement herein shall be concluded for an indefinite term.
This Agreement is an official offer (public offer) and implies the intention of Company to conclude an agreement with any person who accepts all Terms hereof by the registration on the Site, except when the Services cannot be provided for technical, legal or other reasons according to the law and regu- lation applicable to this Agreement and/or under the laws of any jurisdiction that applies to Client or Company.
This Agreement is concluded by the Parties for an indefinite period and shall be deemed as terminated after full blocking of the Client’s Account. Company may terminate this Agreement immediately without any prior notice in case of the Client’s or Client’s incapability as soon as Company be- comes aware of the Client’s death or Client’s incapability. In case of the Client’s death the right to withdraw funds from the Client’s Account is transferred to heirs in due order or to heirs by will. The right to use the Client’s Account and the right to execute Operations are not inherited.