GENERAL TERMS OF USE
These XLtrade General Terms of Use (the “GTU”) govern your rights and obligations in connection with the use of services provided by XLtrade (the “Services”), offered mainly through the www.xltrade.net website (the “Website”). Please read this GTU carefully. You are under no obligation to use the Services if you do not agree or understand any portion of these Terms, nor should you use the Services unless you understand and agree to these Terms.
INTRODUCTORY PROVISIONS
This GTU govern your (“you”, “your”, or the “User”) rights and obligations in connection with the use of the Services provided by XLtrade which is operated by Chimara Ltd (“we”, “our”, or the “Provider”).
By registering on the Website or, where registration is not required, not later than by your first use of the Services, you are entering into a contract with the Provider, the subject of which is the provision of the Services of your choice. The GTU form an integral part of such a contract and, by executing the contract with the Provider, you express your agreement to this GTU.
The Services are only intended for persons over the age of 18 residing in the country for which the Services are available. By registering on the Website, you confirm that you are over 18 years of age. If you are under 18 years of age, you may not use the Services. You undertake to access the Services solely from one of the countries for which the Services are available. You acknowledge that your access to and use of the Services may be restricted or prohibited by law in some countries, and you undertake to only access and use the Services in accordance with applicable laws.
ACKNOWLEDGEMENT AND AGREEMENT
By using the services offered by XLtrade by using our website www.xltrade.net, the user agrees that we and any other entities associated with XLtrade shall not be held liable for any direct, indirect, consequential loss or any damages whatsoever arising from this usage, or the use of any information, signals, messages, education, and any other information contained or disseminated in regard to its use and understanding. Use this site and the services offered by XLtrade at your own risk. Neither guarantee of performance results nor any anticipated return on investment is offered at any time. Past performance is no guarantee of future results. None of the information provided by XLtrade constitutes a solicitation to trade Forex or buy or sell any Forex contracts.
By using the XLtrade website and other services provided, you agree not to hold XLtrade or any of its affiliates, partners, or subsidiaries liable for decisions that are based on information contained in blog posts, reader responses to blog posts, or information anywhere else on their website or in promotional material.
Notwithstanding any other agreement or other communications between XLtrade and users or potential users to the contrary, receiving or using any material provided by XLtrade or accessing or using XLtrade's website, at any time and through any means, whether directly or indirectly, represents acknowledgement and agreement by such person of the foregoing terms of the General Disclaimer and Terms and Conditions.
GENERAL DISCLAIMER
All information and material provided by XLtrade is for educational purposes only and should not be considered as specific investment advice. XLtrade is not providing this information as advice, nor are we providing this information based on or tailored to your specific circumstance or trading activity. The information that we provide or that is derived from our website should not be a substitute for advice from your financial or investment advisor(s).
RISK DISCLOSURE STATEMENT, DISCLAIMER, AND INDEMNIFICATION
By continuing to access or use www.xltrade.net, or any product or service provided by XLtrade, you signify YOUR
ACCEPTANCE OF THESE GENERAL TERMS OF USE.
This brief statement does not disclose all the risks and other significant aspects of trading in leveraged investments. Considering the risks, you should undertake such transactions only if you understand the nature of the contracts (and contractual relationships) into which you are entering and the extent of your exposure to risk. You should carefully consider whether trading is appropriate for you, with careful consideration paid to your experience, objectives, financial resources, and other circumstances. Never trade with money you cannot afford to lose.
I. Risks associated with FOREX TRADING
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
There is considerable exposure to risk in any foreign exchange transaction. Any transaction involving currencies involves risks including, but not limited to, the potential for changing political and/or economic conditions that may substantially affect the price or liquidity of a currency. Investments in foreign exchange speculation may also be susceptible to sharp rises and fall as the relevant market values fluctuate. The leveraged nature of Forex trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. Not only may investors get back less than they invested, but in the case of higher risk strategies, investors may lose the entirety of their investment. It is for this reason that when speculating in such markets it is advisable to use only risk capital.
II. Risk Disclaimer for Forex Trading
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial markets and foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with financial markets and foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
III. Benefits and Risks of Leverage
Leverage affords traders the ability to enter a position worth many times the account value with a relatively small amount of money. This leverage can work with you as well as against you. Even though the Financial and Forex market offers traders the ability to use a high degree of leverage, trading with high leverage may increase the losses suffered. Please use caution when using leverage in trading or investing.
IV. Electronic Trading Risks
Before you engage in transactions using an electronic system, you should carefully review the rules and regulations of the exchanges offering the system and/or listing the instruments you intend to trade. Online trading has inherent risk due to system response and access times that may vary due to market conditions, system performance, and other factors. You should understand these and additional risks before trading.
V. Market Opinions
Any opinions, news, research, analyses, prices, or other information offered by XLtrade, is provided as general market commentary and does not constitute investment advice. XLtrade will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
GENERAL TERMS OF USE
All materials, tools and ancillary content purchased will be delivered in digital form.
All content on www.xltrade.net and content communicated in email correspondence, webinars, seminars, or other events, is intended for educational purposes only and should not be considered as investment advice, nor should it be construed as a replacement for investment advice from qualified financial advisors. Xltrade and its affiliated companies, its directors, management, traders, instructors, and coaches will not be held responsible for any losses incurred by the user.
All information provided by www.xltrade.net and its contractors are general advice and the user will use to apply this general advice and trade at their own risk.
While our trade ideas, from our wider understanding of and experience from trading the financial markets, hold merit, they do not guarantee success or profit and you should not undertake the act of trading them unless you are fully aware of risk management and how to place an order with the broker correctly.
Users should understand that past performance is not indicative of future results and that the value of investments and income from them may go up as well as down and are not guaranteed.
You may lose the entire amount invested. With some leveraged investments such as spread bets and CFDs, your losses may potentially be unlimited.
INTELLECTUAL PROPERTY AND PROPRIETARY INFORMATION
You acknowledge and understand that XLtrade has invested a substantial amount of time and effort, and has incurred substantial costs, in developing its Proprietary Information. XLtrade's Proprietary Information is not in the public domain and reasonable steps are continuously taken to ensure that this Proprietary Information remains secret. The term “Proprietary Information” shall mean trade secrets, confidential knowledge, data, or any other proprietary information of XLtrade. By way of illustration but not limitation, “Proprietary Information” includes trade secrets, inventions, ideas, patterns, processes, formulas, trading methods, source and object codes, data, programs, compilations, written training course materials, know-how, improvements, discoveries, publications, developments, educational courses, designs and techniques, information regarding plans for research, development, new products, marketing and selling materials and methods, business plans, budgets and unpublished financial statements, licenses, methods of operations, prices and costs, business practices, customer sources and lists, and suppliers. XLtrade derives economic value, both actual and potential, from not having its Proprietary Information generally known or ascertainable by other persons who can obtain economic value from its unauthorized disclosure or use. Such Proprietary Information may not be used, reproduced, or disclosed to any other parties for any other purpose without the expressed written permission of XLtrade. Specifically, you agree that you shall not for any reason, at any time, without the written consent of XLtrade, disclose to any person or entity any of XLtrade's Proprietary Information.
INTELLECTUAL PROPERTY
www.xltrade.net, including but not limited to text, content, photographs, video, audio and graphics, and goods (the “Service”), is protected by copyrights, trademarks, service marks, international treaties, and/or other proprietary rights. The Service is also protected as a collective work or completion under International copyright and other laws and treaties. All individual articles, columns and other elements making up the Service are also copyrighted works.
ACCURACY OF INFORMATION
The content on this website is subject to change at any time without notice and is provided for the sole purpose of assisting users to make independent decisions regarding their interest in XLtrade's products and the Financial and Forex market. XLtrade has taken reasonable measures to ensure the accuracy of the information on this website, however, does not guarantee its accuracy, and will not accept liability for any loss or damage that may arise directly or indirectly from the content or your inability to access the website, for any delay in or failure of the transmission or the receipt of any instruction or notifications sent through this website or distributed through other means. There are no explicit or implicit warranties of accuracy or timeliness made by XLtrade or its affiliates.
These same provisions apply to any and all educational products and services, trading systems, indicators, tools, publications, blog posts, opinion pieces, or any other material provided in connection with the same.
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DISCLAIMER OF WARRANTY
ANY AND ALL INFORMATION PROVIDED BY XLTRADE OR DERIVED FROM XLTRADE'S WEBSITES IS PROVIDED “AS IS” AND XLTRADE MAKES NO WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING, WITHOUT LIMITATION, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE.
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DISTRIBUTION
This site is not intended for distribution, or use by, any person in any country where such distribution or use would be contrary to local law or regulation. None of the services or investments referred to on this website is available to persons residing in any country where the provision of such services or investments would be contrary to local law or regulation. It is the responsibility of visitors to this website to ascertain the terms of their own country of residence and comply with any local law or regulation to which they are subject.
TESTIMONIALS
Testimonials found on this website, in any educational program, or any promotional materials, may or may not be representative of all reasonably comparable Users. Past performance is not indicative of future results or success.
The individuals quoted in the testimonials used were not paid to be quoted unless specifically identified. The testimonials used on this website are non-representative of all Users; certain accounts may have worse performance than that indicated. Individual results vary and no representation is being made that Users will or are likely to achieve profits or incur losses comparable to those that may be shown.
THIRD-PARTY
Any links provided or referenced to other websites are offered as a matter of convenience and in no way are meant to imply that XLtrade endorses, sponsors, promotes, or is affiliated with the owners of or participants in those sites, or endorses or warrants any information contained on those sites unless expressly stated. XLtrade does not endorse, guarantee or warranty any third party products advertised on its site, in its promotional materials, or otherwise referenced in any information provided by XLtrade or derived from XLtrade's website, and XLtrade expressly disclaims any responsibility and accepts no liability with respect to such information and products.
OUR COMMITMENT TO RESPONSIBLE INTERNET USAGE
Users of this website must be at least (18) years of age and have the legal authority to accept the General Disclaimer and Terms and Conditions. XLtrade does not knowingly collect or solicit information from anyone under the age of 18. If you are under the age of 18, you should use this website only with the involvement of a parent or guardian and should not submit any personal information to us. If you are under the age of eighteen (18), your parent or legal guardian must be a counterparty to acceptance of all disclaimers, warranties, agreements, and terms and conditions. We do not solicit, collect, or maintain information at our website from those we know are under the age of thirteen (13). XLtrade is committed to safe and responsible internet usage.
ELECTRONIC COMMUNICATIONS POLICY
You agree and consent to receive electronically all communications, agreements, documents, notices, and disclosures (collectively, “Communications”) that are provided in connection with your experience with XLtrade and your use of our services.
Communications include but are not limited to:
Agreements and policies to which you agree (e.g., the XLtrade's General Terms of Use and the XLtrade's Privacy Policy), including updates to these agreements or policies;
Annual disclosures
Transaction receipts or confirmations; and
Any other information pertaining to our relationship with you or the product you purchased.
How to Withdraw Consent
You may withdraw your consent to receive communications electronically by writing to us at contact@xltrade.net.
If you fail to provide or if you withdraw your consent to receive communications electronically, XLtrade reserves the right to either deny, restrict or deactivate your access or charge you additional fees for paper copies.
Updating Your Contact Information
It is your responsibility to keep your primary email address up to date so that XLtrade communicate with you electronically. You understand and agree that if XLtrade sends you an electronic Communication but you do not receive it because your primary email address on file is incorrect, out of date, blocked by your service provider, or you are otherwise unable to receive electronic communications, XLtrade will be deemed to have provided the communication to you.
Please note that if you use a spam filter that blocks or re-routes emails from senders not listed in your email address book, you must add XLtrade to your email address book so that you will be able to receive the communications we send to you.
You can update your primary email address or street address at any time by contacting XLtrade. If your email address becomes invalid such that electronic communications sent to you by XLtrade are returned, XLtrade may deem you to be inactive, and you will not be able to access any information until we receive a valid, working primary email address from you.
ADDRESS & GOVERNING LAW
Chimara Ltd, 124 City Road, EC1V 2NX London, UK. Company number: 8986533.
The company is governed by the laws of England and Wales.