This website services are related to and provided by Phoenix Option Trade Trading Services Ltd (Seychelles company nr. 11588890) and Prime Technologies Ltd. (Saint Vincent and the Grenadines company nr. 11588890).
Please find below a comprehensive list of legal documents related to the use of elite-traders.com website(s) and services. It is important that you make yourself aware of these and agree to them before using our website(s).
By accessing, viewing, using or clicking “I agree” to any of the services made available on this website, owned and operated by Phoenix Option Trade Trading Services Ltd. (hereinafter referred to as “Operator”) via address elite-traders.com (hereinafter referred to as “Website”) and using the services (hereinafter referred to as “Service”) provided by Prime Technologies Ltd. (hereinafter referred to as “Service Provider”), our mobile applications, or any other related services you acknowledge that you have read, understand, and unconditionally agree to be bound by the Terms of this agreement.
The Operator (in the part that affects its activities) or the Service Provider (in the part that affects its activities) may at any time, without notice, amend the Terms of this agreement. You agree to continue to be bound by any amended terms and conditions and that the Operator (in the part that affects its activities) or the Service Provider (in the part that affects its activities) may at any time, without notice, amend the Terms of this agreement have no obligation to notify you of such amendments.
You acknowledge that it is your responsibility to periodically check these Terms of this agreement for changes and that continued use of the Website and Services offered by the Operator (in the part that affects its activities) or the Service Provider (in the part that affects its activities) following the posting of any changes to the Terms of this agreement indicates your acceptance of any such changes. If you do not accept the Terms of this agreement, do not access this Website and do not use this Service.
This Agreement constitutes the agreement between you (hereinafter referred to as “Customer”, “You”) and the Operator (in the part that affects its activities) and the Service Provider (in the part that affects its activities). All other information provided on the Website, as well as oral/written statements made, are excluded from this Agreement.
Subject to the terms and conditions of this Agreement and acceptance of Customer’s application to open an account (hereinafter referred to as “Account”) with the Service Provider will maintain one or more Accounts in Customer’s name for Non-Deliverable Bitcoin settled products trading with and for Customer and provide such other services and products as the Service Provider may, in its sole discretion, determine from time to time in the future. Unless expressly stated otherwise in writing, all сontracts and other transactions entered into between the Service Provider and Customer shall be governed by the terms of this Agreement, as amended from time to time.
In this Agreement unless the opposite is clear from the context the following rules of interpretation apply:
Agreement - Terms and Conditions and any other rules, policies or procedures that may be issued by published from time to time on the Website.
Actions - Any Customer’s instructions received through the Website
Applicable Law - Law applicable under this Agreement to any and all relations between the Customer and the Operator (in the part that affects its activities) or the Service Provider (in the part that affects its activities)
Customer - the person who has completed the Registration form and whose application the Service Provider has accepted. The Service Provider reserves its right to set forth at any time and upon its own discretion special eligibility conditions or other requirements to certain persons as a Customer.
Data - any data input by You or with Your authority into the Website.
Intellectual Property Rights - Any invention, patent, utility model right, copyright and related right, registered design, unregistered design right, trade mark, trade name, internet domain name, design right, design, service mark, database rights, topography rights, rights in get-up and trade dress, rights in goodwill or to sue for passing off and any other rights of a similar nature or other industrial or intellectual property rights owned or used by the Operator (in the part that affects its activities) and the Service Provider (in the part that affects its activities) in any part of the world whether or not any of the same is registered (or capable of registration), including applications and the right to apply for and be granted, extensions or renewals of and rights to claim priority from, such rights and all equivalent or similar rights or protections which subsist now or will subsist in the future.
Non-Deliverable Bitcoin Settled Products – products available for trading on the platform and may be named as “CFD’s”, “Forex”, “Indices” and “Cryptocurrencies” for information and marketing purposes. Non-Deliverable Bitcoin settled products trading services are provided by Prime Technologies Ltd.
Operator – Phoenix Option Trade Trading Services Ltd. a company incorporated under the International Business Companies Act of 1994 of the Republic of Seychelles with a company number of 206865.
Service Provider – Prime Technologies Ltd. a company incorporated under the Business Companies Act of the laws of St. Vincent and the Grenadines with a company number of 25369BC2019.
Service – means all services made available (as may be changed or updated from time to time by the Service Provider) via the Website.
Website – A group of interrelated websites owned and operated by Phoenix Option Trade Trading Services Ltd., available in the Internet via address elite-traders.com.
User – means any person, who uses the Website via address elite-traders.com.
TO THE MAXIMUM EXTENT PERMITTED UNDER APPLICABLE LAW, THE SERVICES, THE SERVICES PROVIDER MATERIALS AND ANY PRODUCT, SERVICE OR OTHER ITEM PROVIDED BY OR ON BEHALF OF SERVICES PROVIDER ARE PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS AND SERVICES PROVIDER EXPRESSLY DISCLAIMS, AND YOU WAIVE, ANY AND ALL OTHER WARRANTIES OF ANY KIND, WHETHER EXPRESS OR IMPLIED, INCLUDING, WITHOUT LIMITATION, IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE OR NON-INFRINGEMENT OR WARRANTIES ARISING FROM COURSE OF PERFORMANCE, COURSE OF DEALING OR USAGE IN TRADE. WITHOUT LIMITING THE FOREGOING, SERVICES PROVIDER DOES NOT REPRESENT OR WARRANT THAT THE SITE, THE SERVICES OR SERVICES PROVIDER MATERIALS ARE ACCURATE, COMPLETE, RELIABLE, CURRENT, ERROR-FREE, OR FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS. SERVICES PROVIDER DOES NOT GUARANTEE THAT ANY ORDER WILL BE EXECUTED, ACCEPTED, RECORDED OR REMAIN OPEN. EXCEPT FOR THE EXPRESS STATEMENTS SET FORTH IN THIS AGREEMENT, YOU HEREBY ACKNOWLEDGE AND AGREE THAT YOU HAVE NOT RELIED UPON ANY OTHER STATEMENT OR UNDERSTANDING, WHETHER WRITTEN OR ORAL, WITH RESPECT TO YOUR USE AND ACCESS OF THE SERVICES. WITHOUT LIMITING THE FOREGOING, YOU HEREBY UNDERSTAND AND AGREE THAT SERVICES PROVIDER WILL NOT BE LIABLE FOR ANY LOSSES OR DAMAGES ARISING OUT OF OR RELATING TO: (A) ANY INACCURACY, DEFECT OR OMISSION OF PRICE DATA, (B) ANY ERROR OR DELAY IN THE TRANSMISSION OF SUCH DATA, (C) INTERRUPTION IN ANY SUCH DATA AND (D) ANY DAMAGES INCURRED BY ANOTHER USER’S ACTIONS, OMISSIONS OR VIOLATION OF THIS AGREEMENT.
In consideration of the Service Provider agreeing to enter into Agreement with the Customer, Customer acknowledges, understands and agrees that:
Trading with Non-deliverable Bitcoin settled products are not an appropriate investment for retirement funds. Customer represents, warrants and agrees that Customer understands these risks; that Customer is willing and able, financially and otherwise, to assume the risks of Trading with Non-Deliverable Bitcoin settled products and that loss of Customer’s entire Account Balance will not change Customer’s life style.
The proper handling of personal data is extremely important to us. We therefore take your privacy seriously when processing and protecting your personal data. This is done in accordance with provisions set out in the applicable privacy laws (including the General Data Protection Regulation). We want you (hereinafter: «user») to understand how and why Phoenix Option Trade Trading Services Ltd. (hereinafter referred to as «Phoenix Option Trade» «we» «our» or «us» or «Company») a company incorporated in the Republic of Seychelles with a company number of 206865 collects, processes, uses, and shares your personal information (hereinafter: «Personal Information», «PI», «PD») when you use our website elite-traders.com, software, applications and other online products and services (collectively, the «Services») or when you otherwise interact with us or receive a communication from us. By visiting elite-traders.com you are accepting and consenting to the practices described in this policy.
We take great care to limit the Personal Information we collect and use only for the purposes, which are necessary for providing our Services.
Phoenix Option Trade Trading Services Ltd collects and processes personal information that is necessary for legitimate business purposes, which will be disclosed to any person whose personal data is being collected, held or processed (hereinafter: «data subject») at the time of collection. Phoenix Option Trade Trading Services Ltd will use and process this information only for the purposes for which it was collected, retaining the personal information only for so long as it is required for specific purpose of collecting the information.
Phoenix Option Trade Trading Services Ltd will not collect sensitive personal data except when permitted or required to do so by law, and will do so only for legitimate business purposes. If in any other instance a need arises to collect sensitive personal data, Phoenix Option Trade Trading Services Ltd will do so only with the data subject’s express consent, which can be withdrawn at any time.
We retain your Personal Data for as long as it is required to satisfy the purpose for which they were collected and used, unless a longer period is necessary for our legal obligations or to defend a legal.
Personal data, or personal information, means any information about an individual from which that person can be identified. It does not include data where the identity has been removed (anonymous data).
We may deliver, personalize, and improve our Services by combining and using the information we have about you (including information we receive on and off our Services) to understand how you use and interact with our Services and the people or things you’re connected to and interested in. We also may use the information we have about you for the following purposes:
We collect general anonymous analytical information on the use of the services for their optimization.
We provide you with controls to manage your experience with us. You can change the privacy settings in your account at any time.
Information you give us. We receive and store any information you enter on our website or give us in any other way. You provide most such information when you search some information on our website, subscribe to our newsletters, fill out a form for any media, events or partnership inquiries, communicate with our support service. For example, you provide information when you communicate with us by post, e-mail, or otherwise. As a result of those actions, you might supply us with such information as your name, address, e-mail, phone numbers, etc.
Automatic information. We receive and store certain types of information whenever you interact with us. For example, like many websites, we use «cookies», and we obtain certain types of information when your web browser accesses our website.
Information from other sources. We might receive information about you from other sources and add it to our account information.
We also collect, use and share aggregated data such as statistical or demographic data for any purpose. However, aggregated data is not considered personal data as this data does not directly or indirectly reveal your identity. For example, we may aggregate your usage data to calculate the percentage of users accessing a specific website feature.
We do not collect any special categories of personal data about you (this includes details about your race or ethnicity, religious or philosophical beliefs, sex life, sexual orientation, political opinions, trade union membership, information about your health and genetic and biometric data). Nor do we collect any information about criminal convictions and offences.
User information. The information that we collect includes unique identifiers, browser type and settings, device type and settings, operating system, mobile network information including operator name and phone number and application version number. We also collect information about the interaction of your browsers and devices with our services, including OS, IP address, specifications and the date, time and referrer URL of your request.
Account information. To create an account, you must provide a username, e-mail and password. You can also choose to add a payment or other information to your account.
Actions you take. We collect information about the actions you take when using the Services. This includes your interactions with content, public, posting comments, interests in the projects. It also includes your interactions with other users or projects.
Other information. You may choose to provide other information directly to us. For example, we may collect information when you request customer support or otherwise communicate with us. You may provide us with the information about your e-mail to receive mailings and to confirm transactions.
Technical data. We may log information when you access and use the Services. This may include your IP address, browser type, operating system, device information (e.g., device IDs), hardware settings.
Logs of our services, including messages about their work problems, may contain the driver versions, software installation paths, and the computer's operating time.
Information collected from cookies. When you use our website, we may send one or more cookies to collect data analytics. When you use third-party affiliate, links registered in our services, cookies will be stored on your device within 14 days from the moment of using such link, for the purposes of successful registration.
Location information. We may receive and process information about your location.
We may receive personal data about you from various third parties and public sources as set out below. Technical Data from the following parties:
Cookies are typically stored on your computer's hard drive. Information collected from cookies is used by us to evaluate the effectiveness of our Site, analyze trends, and administer the Platform. The information collected from cookies allows us to determine such things as which parts of our Site are most visited and difficulties our visitors may experience in accessing our Site. With this knowledge, we can improve the quality of your experience on the Platform by resolving access difficulties and recognizing and delivering more of the most desired features and information.
We use third party service provider(s), to assist us in better understanding the use of our Site. Our service provider(s) will place cookies on the hard drive of your computer and will receive information we select, that will educate us on such things as how visitors navigate around our site, what products are browsed, and general Transaction information. Our service provider(s) analyses this information and provides us with aggregate reports. The information and analysis provided by our service provider(s) will be used to assist us in better understanding our visitors' interests in our Site and how to better serve those interests.
The information collected by our service provider(s) may be linked to and combined with information that we collect about you while you are using the Platform. Our service provider(s) is/are contractually restricted from using information they receive from our Site other than to assist us.
Information you give to us. We will use this information:
Information we collect about you. We will use this information:
Information we receive from other sources. We will combine this information with information you give to us and information we collect about you. We will use this information and the combined information for the purposes set out above (depending on the types of information we receive).
We will use and process your Personal Information only for the purpose(s) for which it has been provided to us.
You agree that we have the right to share your personal information with:
With our partners. We may share information with vendors, consultants, and other service providers (but not with advertisers and ad partners) who need access to such information to carry out work for us. The partner’s use of personal data will be subject to appropriate confidentiality and security measures.
For example: to make payments, confirm phone numbers and improve the functioning of the services.
To comply with the law. We may share information in response to a request for information if we believe disclosure is in accordance with, or required by, any applicable law, regulation, legal process or governmental request, including, but not limited to, meeting national security or law enforcement requirements. To the extent the law allows it, we will attempt to provide you with prior notice before disclosing your information in response to such a request.
In an emergency. We may share information if we believe it's necessary to prevent imminent and serious bodily harm to a person.
To enforce our policies and rights. We may share information if we believe your actions are inconsistent with our user agreements, rules, or other Phoenix Option Trade Trading Services Ltd policies, or to protect the rights, property, and safety of ourselves and others.
With our affiliates. We may share information between and among Phoenix Option Trade Trading Services Ltd and any of our parents, affiliates, subsidiaries, and other companies under common control and ownership.
With your consent. We may share information about you with your consent or at your direction.
We may partner with third-party advertisers, ad networks to deliver advertising and content targeted to your interests and to better understand your use of the Services. These third parties may collect information sent by your computer, browser, or mobile device in response to a request for content, such as unique identifiers, your IP address, location or other information about your computer or device.
If you submit personally identifiable information to us through the Phoenix Option Trade Trading Services Ltd Services, then we may use your personal information to operate, maintain, and provide features and functionality of our website, app and another services.
Other information, that does not personally identify you as an individual is collected by Phoenix Option Trade Trading Services Ltd (such as, by way of example, patterns of use) and is exclusively owned by Phoenix Option Trade Trading Services Ltd. Phoenix Option Trade Trading Services Ltd can use this information in such manner that Phoenix Option Trade Trading Services Ltd, in its sole discretion, deems appropriate.
We may share specific aggregated, non-personal information with third parties, such as the number of users who have registered with us, the volume and pattern of traffic to and within the website, etc. That information will not identify you, the individual, in any way.
We shall not use your email or other contact information for sending of commercial proposal, other marketing needs, without your prior consent.
As were mentioned above, when you send us messages, we can keep them for administering of your inquiries, for improving of our services. We shall not transfer information from such messages to third parties.
All personal information you provide to us is stored on our secure servers. Any payment transactions will be encrypted. Where we have given you (or where you have chosen) a password which enables you to access certain parts of our site, you are responsible for keeping this password confidential. We ask you not to share a password with anyone.
Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our site; any transmission is at your own risk. Once we have received your information, we will use strict procedures and security features to try to prevent unauthorised access.
You can access and change certain information through the Services.
You may delete your account information at any time from the preferences page. But we may retain certain information about you as required by law or for legitimate business purposes after you delete your account.
If you initially consent to our collection of location information, you can subsequently stop the collection of this information at any time by changing the preferences on your browser.
You have the right to receive information regarding purposes of Personal information collection, regarding third parties, to which we disclose your personal information, information, regarding safeguards that are applicable for secure storage of your Personal information, period of time for which Personal information will be stored.
You also have the right to demand erasure of personal data concerning you sending us a request. Phoenix Option Trade Trading Services Ltd shall fulfil your request in appropriate period of time. If there is no other lawful ground for storing and processing of your PI, as prescribed by applicable law, Phoenix Option Trade Trading Services Ltd shall erase such information. If there is another legal ground for such processing, Phoenix Option Trade Trading Services Ltd shall notify you in appropriate period of time.
You also have the right to demand restriction of the storing and processing of the PI, if legal grounds for such demands have arisen / as prescribed in applicable law.
You have the right to object processing of personal data concerning yourself under circumstances, that are prescribed in applicable law. In case of such objection, Phoenix Option Trade Trading Services Ltd shall restrain from processing of your PI, if there will be no other legal grounds for continuing of processing.
Phoenix Option Trade Trading Services Ltd takes your rights very seriously. However, if you are of the opinion that we have not dealt with your complaints adequately, you have the right to submit a complaint to the data privacy protection authorities responsible.
You have the right to ask Phoenix Option Trade Trading Services Ltd to provide you with a structured, list of previously provided PI. You also can ask Phoenix Option Trade Trading Services Ltd to transmit your PI to previously chosen third party.
To send a request for delete, rectification and submission of PD please use the feedback form.
We provide the following safety measures regarding protection of Your PI:
We use, store and process your PI on Phoenix Option Trade Trading Services Ltd servers in various jurisdictions, where our facilities and/or service providers are located. By filling a «consent application» You agree to this transfer, storing, or processing. Phoenix Option Trade Trading Services Ltd will take all steps reasonably necessary to ensure that your Personal Data is treated securely and in accordance with this Policy. Phoenix Option Trade Trading Services Ltd protect your Personal Data under internationally acknowledged standards, using physical, technical, and administrative security measures to reduce the risks of loss, misuse, unauthorized access, disclosure, and alteration. Some of the safeguards Phoenix Option Trade Trading Services Ltd use are firewalls and data encryption, physical access controls to our data centers, and information access authorization controls. Phoenix Option Trade Trading Services Ltd also authorize access to Personal Data only for those employees or contractors who require it to fulfil their job or service responsibilities. All of our physical, electronic, and procedural safeguards are designed to comply with applicable laws and regulations. Third parties may be located in other countries where the laws on processing of Personal Data may be less stringent than in your country. From time to time, the Personal Data may be also stored in other locations, and in such cases, Phoenix Option Trade Trading Services Ltd will ensure that the Personal Data will be stored and processed with the reasonable level of care and security.
If Phoenix Option Trade Trading Services Ltd becomes aware of security systems breach, then we may attempt to notify you electronically so that you can take appropriate protective steps. Phoenix Option Trade Trading Services Ltd may post a notice on our website if the security breach occurs.
When the personal data breach is likely to result in a high risk to the rights and freedoms of users, Phoenix Option Trade Trading Services Ltd will inform you.
For the purpose of the Data Protection Act 2004, the data controller is Phoenix Option Trade Trading Services Ltd of Suite 1, Second floor, Sound & Vision house, Francis Rachel Str., Victoria, Mahe, Seychelles
TRADING AND FINANCING TRADES IN CRYPTOCURRENCY ENTAILS CERTAIN RISKS. THIS RISK DISCLOSURE STATEMENT CANNOT AND DOES NOT DISCLOSE ALL RISKS AND OTHER ASPECTS INVOLVED IN HOLDING, TRADING, OR ENGAGING IN FINANCING OR FINANCED TRANSACTIONS IN CRYPTOCURRENCY. BEFORE TAKING A LEVERAGED POSITION, YOU SHOULD ENSURE THAT YOU UNDERSTAND THE RISKS INVOLVED AND CONSIDER YOUR LEVEL OF EXPERIENCE AND ALL THE POTENTIAL RISKS. YOU SHOULD CAREFULLY CONSIDER PRIME XBT TRADING SERVICES LTD. TERMS AND CONDITIONS AND, TO THE EXTENT NECESSARY, CONSULT AN APPROPRIATE LAWYER, ACCOUNTANT, OR TAX PROFESSIONAL. RISKS INCLUDE, BUT ARE NOT LIMITED TO, THE FOLLOWING
The market for cryptocurrency is still new and uncertain. No-one should have funds invested in cryptocurrency or speculate in cryptocurrency that she is not prepared to lose entirely. Whether the market for one or more cryptocurrency will move up or down, or whether a particular cryptocurrency will lose all or substantially all of its value, is unknown. This applies both to traders that are going long and to traders that are shorting the market. Participants should be cautious about holding cryptocurrency.
Markets for cryptocurrency have varying degrees of liquidity. Some are quite liquid while others may be thinner. Thin markets can amplify volatility. There is never a guarantee that there will be an active market for one to sell, buy, or trade cryptocurrency or products derived from or ancillary to them. Furthermore, any market for cryptocurrency may abruptly appear and vanish. Phoenix Option Trade Trading Services Ltd. makes no representations or warranties about whether a cryptocurrency that may be traded on the elite-traders.com any point in the future, if at all. Any cryptocurrency is subject to delisting without notice or consent.
The legal status of certain cryptocurrency may be uncertain. This can mean that the legality of holding or trading them is not always clear. Whether and how one or more cryptocurrency constitute property, or assets, or rights of any kind may also seem unclear. Participants are responsible for knowing and understanding how cryptocurrency will be addressed, regulated, and taxed under applicable law. There is a risk that in some jurisdictions cryptocurrency might be considered to be a security, or that it might be considered to be a security in the future. Phoenix Option Trade Trading Services Ltd. does not give warranties or guarantees that any cryptocurrency are not a security in all jurisdictions. Your is bound to check if acquisition and disposal of cryptocurrency is legal in his jurisdiction, You undertakes not to use cryptocurrency should their use not be legal in the relevant jurisdiction. If You establish that the use of cryptocurrency is not legal in Your jurisdiction, You should not use cryptocurrencies, not acquire them and should immediately stop using or possessing them if such case arises.
Having cryptocurrency on deposit or with any third party in a custodial relationship has attendant risks. These risks include security breaches, risk of contractual breach, and risk of loss. Participants should be wary of allowing third parties to hold their property for any reason.
You acknowledge that Phoenix Option Trade Trading Services Ltd. is not responsible for any losses or damages of any kind arising either directly or indirectly from a withdrawal of funds from your account by a third party due to the loss of credentials
You acknowledge that Phoenix Option Trade Trading Services Ltd. is not responsible for any losses or damages of any kind arising either directly or indirectly from the sending of cryptocurrency to the wrong wallet address during the withdrawal of funds from their Phoenix Option Trade Trading Services Ltd. account
You acknowledge that any cryptocurrency may be lost if sent to the wrong address (for example but without limitation, if the address is improperly formatted, contains errors, or is intended to be used for a different type of cryptocurrency). You accept that Phoenix Option Trade Trading Services Ltd. is not responsible for any losses or damages whatsoever arising directly or indirectly due to any such error.
In addition to liquidity risks, values in any digital token marketplace are volatile and can shift quickly. Participants in any cryptocurrency market are warned that they should pay close attention to their position and holdings, and how they may be impacted by sudden and adverse shifts in trading and other market activities.
When you finance a purchase or sale of cryptocurrency on a peer-to-peer basis, you run the risk of losing your provided financing. Similarly, when you accept financing to enter a trading agreement, you accept the risk of not being able to repay that financing (e.g., if the market price of the cryptocurrency you purchased with the financing falls). Participants should know all of the terms of any contracts they enter and how their trading strategies and other market and risk factors can affect their financing obligations.
You acknowledge that any cryptocurrency may be cancelled, lost or double spent, or otherwise lose all or most of their value, due to forks, rollbacks, Attacks, changes to cryptocurrency Properties or failure of the cryptocurrency to operate as intended. You accept that Phoenix Option Trade Trading Services Ltd. is not responsible for any losses or damages whatsoever arising directly or indirectly due to the occurrence of any such event.
You accept and acknowledge that Phoenix Option Trade Trading Services Ltd. shall have, and maintains, the right to refuse orders to establish new or larger positions or to buy or sell Instruments.
You accept and acknowledge that Phoenix Option Trade Trading Services Ltd. shall have the right to reduce the size of your open positions. Phoenix Option Trade Trading Services Ltd. will inform you as soon as practicable regarding such reduction and the reason hereof.
Hackers or other groups or organizations may attempt to interfere with the Website or the availability of cryptocurrency in any number of ways, including without limitation denial of service attacks, Sybil attacks, spoofing, smurfing, malware attacks, or consensus-based attacks. You hereby agree that Phoenix Option Trade Trading Services Ltd. shall have no liability for any such loss Your incur.
There is a risk that the Website and cryptocurrency may unintentionally include weaknesses or bugs in the source code interfering with the use of or causing the loss of cryptocurrency.
Advances in cryptography, or technical advances such as the development of quantum computers, could present risks to cryptocurrencies which could result in the theft or loss of cryptocurrency.
You acknowledge that there are risks associated with using the cryptocurrency including, but not limited to, the failure of hardware, software, and Internet connections. You acknowledge that Phoenix Option Trade Trading Services Ltd. shall not be responsible for any communication failures, disruptions, errors, distortions or delays You may experience when using the Website and cryptocurrency, howsoever caused.
You acknowledge that you may be prevented from sending a transaction request, or a transaction request or email may not be received by Phoenix Option Trade Trading Services Ltd. or the Services, due to hardware, software or services issues (including, without limitation, Internet and other network connectivity issues). You accept that Phoenix Option Trade Trading Services Ltd. is not responsible for any loss or damage whatsoever arising directly or indirectly due to any such issues.
You acknowledge that Phoenix Option Trade Trading Services Ltd. cannot be held liable for the number of days passing between the transfer of fiat funds from your account on Phoenix Option Trade Trading Services Ltd. until the time that the transferred funds are booked on the account with the receiving bank.
You acknowledge that subject to a transfer instruction being complete and correct, incoming transfers of fiat funds will only be booked on your account and be at your disposal once Phoenix Option Trade Trading Services Ltd. has received the funds
You acknowledge that Phoenix Option Trade Trading Services Ltd. cannot be held liable for the number of days passing between the transfer of fiat funds by the sending bank until the time that the transferred funds are received by Crypto Moon Trades Trading Services Ltd. and booked on your account.
You bear the sole responsibility to determine if the purchase of cryptocurrency or the potential appreciation or depreciation in the value of cryptocurrency over time has tax implications for You in Your home jurisdiction. By purchasing cryptocurrency and to the extent permitted by law, You agree not to hold any of Phoenix Option Trade Trading Services Ltd., its affiliates, shareholders, directors or advisors liable for any tax liability associated with or arising from the purchase of cryptocurrency.
You are solely responsible for withholding, collecting, reporting, paying, and/or remitting any and all taxes to the appropriate tax authorities in such jurisdiction(s) in which You may be liable to pay tax. Phoenix Option Trade Trading Services Ltd. shall not be responsible for withholding, collecting, reporting, paying, and/or remitting any taxes (including, but not limited to, any income, capital gains, sales, value added or similar tax) which may arise from Yours acquisition of cryptocurrency.
You acknowledge that Phoenix Option Trade Trading Services Ltd. may act as a Market Maker in certain assets.
You acknowledge that Phoenix Option Trade Trading Services Ltd., when acting as a Market Maker, may quote you bid and ask prices. Notwithstanding this, you accept that Company name has no obligation to quote prices to you at any time in any given market, nor an obligation to quote prices with a specific maximum spread to you.
You accept that Phoenix Option Trade Trading Services Ltd., as Market Maker, may hold positions that are opposite to your positions, resulting in potential conflicts of interest between Phoenix Option Trade Trading Services Ltd. and You.
Please trade with caution when you use leverage in trading or investing. If You do not use leverage properly it can have extreme effects on Your accounts. You can lose a huge amount of money if a trade works against You. Trading and dealing with cryptocurrency high leverage is a high level risk.
It can be very risky for the beginners to use high leverage because You generally do not have enough experience in trading high leverage. You should not trade with it until You get a clear idea how it works.
Cryptocurrencies and blockchains are new and untested technology. In addition to the risks set forth here, there are risks that Phoenix Option Trade Trading Services Ltd. cannot foresee and it is unreasonable to believe that such risks could have been foreseeable. Risks may further materialize as unanticipated.