Terms & Conditions
Terms and Conditions
This agreement sets forth the terms and conditions under which Foxtreme Markets (hereafter referred to as “Company”) will provide its services to its clients. Please read the following terms and conditions carefully before using the services offered by the Company. By using the services, you agree to be bound by the terms and conditions contained herein.
Definitions
- “Client” refers to any person or entity that has applied for and been approved to use the services offered by the Company.
- “Account” refers to the trading account opened by the Client with the Company.
- “Trading” refers to the act of buying and selling currency, commodities, or other financial instruments through the Company’s platform.
Services
The Company provides its Clients with the ability to trade in the forex market and other financial markets through the use of its trading platform. The Company acts as a counterparty to its Clients’ trades, and is not a market maker.
Risks
Trading in the financial markets involves significant risk. The Client acknowledges and agrees that it is solely responsible for any losses sustained in its Account. The Client agrees to carefully consider its financial situation and experience before engaging in any trading activity through the Company’s platform. The Client acknowledges that the value of its investments can decrease as well as increase, and that the Client may not get back the amount of money originally invested.
Limited License
The Company grants the Client a limited, non-exclusive, non-transferable license to use the Company’s trading platform for the sole purpose of executing trades. The Client agrees not to use the platform for any other purpose, including, but not limited to, the development of similar software or services.
Confidentiality
The Client agrees to keep confidential and not disclose to any third party any non-public information regarding the Company and its operations.
Warranties and Representations
The Client represents and warrants to the Company that:
- it is of legal age and has the capacity to enter into this agreement;
- the information provided by the Client to the Company is accurate and complete;
- it will comply with all applicable laws and regulations in connection with its use of the Company’s services; and
- it will not use the Company’s services for any illegal or fraudulent activity.
Indemnification
The Client agrees to indemnify, defend, and hold harmless the Company, its affiliates, and their respective officers, directors, employees, agents, and assigns from and against any and all claims, damages, losses, and expenses (including, but not limited to, attorney’s fees) arising from the Client’s use of the Company’s services or breach of this agreement.
Amendments
The Company may amend these terms and conditions at any time without prior notice. The Client is responsible for regularly reviewing these terms and conditions to stay informed of any changes. Continued use of the Company’s services following the posting of any amendment will be deemed to be acceptance of the amendment.
Governing Law
This agreement and any dispute arising out of or in connection with this agreement will be governed by and construed in accordance with the laws of the jurisdiction in which the Company is registered, which is Saint Vincent and the Grenadines.
Miscellaneous
This agreement constitutes the entire agreement between the parties and supersedes all prior understandings or agreements, whether written or oral, between the parties. If any provision of this agreement is found to be unenforceable, the remaining provisions will remain in full force and effect.
By using this agreement constitutes the entire understanding between the parties and supersedes all prior negotiations, representations, agreements, and understandings between the parties.
Severability
If any provision of this agreement is held to be invalid, void, or unenforceable, the remaining provisions shall remain in full force and effect.
Waiver
The failure of either party to enforce any provision of this agreement shall not be deemed a waiver of future enforcement of that or any other provision.
Force Majeure
The Company shall not be liable for any delay or failure to perform its obligations under this agreement if such delay or failure is due to causes beyond its reasonable control, including, but not limited to, acts of God, natural disasters, epidemics, pandemics, acts of war or terrorism, and governmental action.
Dispute Resolution
Any dispute arising out of or relating to this agreement or the services provided by the Company shall be resolved through binding arbitration in accordance with the rules of the International Chamber of Commerce. The arbitrator’s award shall be final and binding and may be entered as a judgment in any court of competent jurisdiction.
Assignment
The Client may not assign its rights or delegate its obligations under this agreement without the prior written consent of the Company. The Company may assign its rights and delegate its obligations under this agreement without the prior written consent of the Client.
Notices
All notices and other communications under this agreement shall be in writing and shall be deemed given when delivered personally, sent by email, or sent by registered or certified mail, return receipt requested, to the parties at the addresses set forth in the account opening documentation or as otherwise specified in writing by the parties.