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This Public offer agreement (hereinafter referred to as\u00a0Agreement<\/strong>) governs the terms and conditions for the services of \u201cPO Trade LTD is registered at Rodney Bayside Building, Rodney Bay, Gros-Islet, St. Lucia with the registration number 2019-00207\u201d (hereinafter referred to as\u00a0Company<\/strong>) provided online at:\u00a0https:\/\/p.finance\/. This Agreement is accepted as a web-based document and does not require signing by parties.<\/p>\n\n\n\nThe Client<\/strong> automatically affirms the full acceptance of the Agreement<\/strong> by registering a Client’s Profile<\/strong> at the Company’s website<\/strong>. The Agreement<\/strong> remains valid until it is terminated by either party.<\/p>\n\n\n\n\n
Terms and Definitions<\/div>
- Client\u2019s Area<\/b> \u2013 a workspace created in the web-interface, used by the Client<\/b> for performing Trading and Non-Trading Operations<\/b> and entering personal information.<\/li>
- Client<\/b> \u2013 any person over 18 years of age, using the services of the Company<\/b> in accordance with this Agreement<\/b>.<\/li>
- Company<\/b> \u2013 a legal entity, referred to as \u201cPO Trade\u201d, which provides, in accordance with the provisions of this Agreement<\/b>, the conduct of arbitrage operations for the purchase and sale of CFD contracts.<\/li>
- Non-Trading Operation<\/b> \u2013 any operation related to top-up of the Client\u2019s Trading Account<\/b> with necessary funds or withdrawal of funds from the Trading Account<\/b>. For Non-Trading Operations<\/b>, the Company<\/b> uses electronic payment systems selected at its discretion and tied to the appropriate interface in the Client\u2019s Area<\/b>.<\/li>
- Client\u2019s Profile<\/b> \u2013 a set of personal data about the Client<\/b>, provided by himself\/herself during registration and verification process within the Client\u2019s Area<\/b>, and stored on the Company\u2019s<\/b> secure server.<\/li>
- Trading Account<\/b> \u2013 a specialized account on the Company\u2019s<\/b> server that enables the Client<\/b> to conduct Trading Operations<\/b>.<\/li>
- Trading Operation<\/b> \u2013 an arbitration operation for the purchase and sale of trade contracts performed by the Client<\/b> using the Trading Terminal<\/b> available in the Client\u2019s Area<\/b>.<\/li>
- Trading Server<\/b> \u2013 a server owned by the Company<\/b> with specialized software installed on it, which serves for conducting Trading and Non-Trading Operations<\/b> of Clients<\/b> and tracking the statistics of these operations.<\/li>
- Trading Terminal<\/b> \u2013 a specialized interface located in the Client\u2019s Area<\/b>, connected to the Company\u2019s Trading Server<\/b>, and allowing Client<\/b> to perform Trading Operations<\/b>.<\/li><\/ul><\/li>
General Provisions<\/div>
- The service provided by the Company<\/b> is an Internet service that uses the official website of the Company<\/b> and its Trading Server<\/b> to carry out Trading Operations<\/b>. The use of the service implies the availability of sustainable high-speed Internet connection on the Client\u2019s<\/b> device.<\/li>
- In its activities, the Company<\/b> is guided by existing Legislation on anti-money laundering and terrorist financing. The Company<\/b> requires the Client<\/b> to correctly enter personal data, and reserves the right to verify the Client\u2019s<\/b> identity, using the necessary methods:
- Upload scanned copies of documents confirming the Client\u2019s<\/b> identity and actual place of residence to the Client\u2019s Profile<\/b>;<\/li>
- A phone call to the Client<\/b> at the specified phone number;<\/li>
- Other means necessary at the discretion of the Company<\/b> to confirm the Client\u2019s<\/b> identity and financial activity.<\/li><\/ul><\/li>
- A Client<\/b>, regardless of the legal status (legal or natural person), is prohibited to have more than one Trading Account<\/b> with the Company<\/b>. The Company<\/b> reserves the right to terminate this Agreement<\/b> or reset the results of Trading Operations<\/b> in the event of re-registration of the Client Profile<\/b> or in case of multiple Trading Accounts<\/b> usage by the same Client<\/b>.<\/li>
- A Client\u2019s Profile<\/b> is registered in the secured space of the Client\u2019s Area<\/b> on the Company\u2019s official website. The Company<\/b> guarantees confidentiality of the Client\u2019s<\/b> personal data in accordance with the provisions of the Section 8 of this Agreement.<\/li>
- The Client<\/b> is responsible for the safety of the Client\u2019s Area<\/b> authentication data received from the Company<\/b>, in case of loss of access to the Client\u2019s Area<\/b>, Client must immediately notify the Company<\/b> in order to block access to the funds in the Trading Account<\/b>.<\/li>
- Upon registration, the Company<\/b> automatically provides the Client<\/b> with a Trading Account<\/b> where the Client<\/b> performs all Trading and Non-Trading Operations<\/b>.<\/li>
- The Company<\/b> carries quoting of the Clients<\/b> by using its own paid sources of quotations, applying processing of the quote flow in accordance with the needs of ensuring the liquidity of contracts opened by Clients<\/b>. Quotes of any other companies, and\/or quotes taken from other paid sources, cannot be taken into account when considering disputes.<\/li>
- The Company<\/b> provides the Client<\/b> with a specially prepared web interface (Trading Terminal) to carry out Trading Operations<\/b> within the Client\u2019s Area<\/b>.<\/li>
- The Company<\/b> prohibits the Client<\/b> to resort to any type of fraudulent activity that may be considered by the Company<\/b> in the Client\u2019s<\/b> actions aimed at gaining profit using operations not instructed by the Company<\/b>, vulnerabilities in the Company\u2019s<\/b> official website(s), bonus speculation, and abusive trading, including but not limited to hedging transactions from different accounts, speculation on assets with troubled liquidity, etc. In this case, the Company<\/b> reserves the right to terminate this Agreement<\/b> or to reset the results of Trading Operations<\/b>.<\/li>
- The Company<\/b> reserves the right to terminate this Agreement<\/b> or to suspend any communication with the Client<\/b> in cases of detecting an unfair attitude towards the Company<\/b> as a whole and to the products and services provided, including (but not limited to) insulting employees and partners of the Company<\/b>, slandering, publishing unreliable information about the Company<\/b>, negative reviews, attempted blackmail or extortion by the Client<\/b>.<\/li>
- The Company<\/b> reserves the right to prohibit the Client<\/b> from copying the Trading Operations<\/b> of other traders or reset the results of copied Trading Operations in case of detecting trading violations or any other violations of this Agreement<\/b> by the copy provider.<\/li>
- The Client<\/b> shall ensure that his\/her activities fully comply with the legislation of the country where they are conducted.<\/li>
- The Client<\/b> acknowledges and accepts the responsibility for the payment of all taxes and fees which may arise from the performance of Trading Operations<\/b>.<\/li>
- The Company<\/b> reserves the right to limit the availability of offered features and services, and motivation benefits at its own discretion.<\/li>
- The Company<\/b> agrees to provide the Client<\/b> with the services subject to the Client not being a citizen or permanent resident of the countries specified in section 11 \u201cList of Countries\u201d of the present Agreement<\/b> or any territories being under jurisdiction or effective control of these countries. The Company<\/b> reserves the right to limit the availability of offered services in these countries.<\/li><\/ul><\/li>
Procedure of Non-Trading Operations Execution<\/div>
- Non-Trading Operations<\/b> include operations performed by the Client<\/b> to top-up the Trading Account<\/b> as well as withdraw funds from it (deposit and withdrawal of funds).<\/li>
- Non-Trading Operations<\/b> are performed by the Client<\/b> with the help of the Client\u2019s Area<\/b> functionality. The Company<\/b> does not carry out Non-Trading Operations<\/b> requested using conventional means of communication (Email, Live-chat, etc.).<\/li>
- While performing Non-Trading Operations<\/b>, the Client is only allowed to use personal funds held in electronic and bank payment accounts owned by the Client<\/b>.<\/li>
- The currency of the Trading Account<\/b> is the US dollar. The currency is used to display Client\u2019s Trading Account<\/b> balance. Trading Account<\/b> currency cannot be changed by the Client<\/b>. Automatic recalculation of the deposited amount from the currency used by the Client<\/b> to the currency of the Trading Account<\/b> is applied when Client<\/b> deposits funds into the Trading Account<\/b>. The same process occurs during withdrawal procedures.<\/li>
- In case of currency conversion, the Company<\/b> uses exchange rate in accordance with the quotes that are received from supported electronic payment providers at the time of the Non-Trading Operation<\/b> execution.<\/li>
- The Company<\/b> sets the following minimum amounts for Non-Trading Operations<\/b> (unless specified otherwise):
– Deposit \u2013 5 USD;
– Withdrawal \u2013 10 USD.<\/li>- If the Client<\/b> uses different methods for a Trading Account<\/b> top-up, the withdrawal of funds to these methods will be carried out in the same proportion in which the deposit was made. If the Company<\/b> is not able to process the withdrawal of funds to the method indicated by the Client<\/b>, the Company<\/b> will offer the Client<\/b> to change the selected payment method to one of the currently available.<\/li>
- If the Client<\/b> uses bank cards to replenish the Trading Account<\/b>, the Client guarantees that he\/she uses only personal funds and agrees that the Company<\/b> can save the bank card payment details in order to implement the quick top-up feature of the Trading Account<\/b> in one click, when the Client<\/b> uses the appropriate functionality in the Client’s Area<\/b>. The Client<\/b> can disable this service upon request, by contacting the Company’s<\/b> support service.
At the request of the Company<\/b>, the Client<\/b> undertakes to provide confirming scans\/photos of the cards used to replenish the Trading Account<\/b> for verification purposes, and also excludes the possibility of any claims against the Company<\/b> regarding the deposited funds.<\/li>- In order to ensure compliance with the requirements of generally accepted Legislative standards, as well as to protect Client\u2019s<\/b> funds, the withdrawal of funds shall be performed using the same payment method that was previously used for depositing, and by using the same payment details.<\/li>
- The Company<\/b> does not allow the use of the provided services as a means to extract profits from Non-Trading Operations<\/b>, or in any way other than its intended purpose.<\/li><\/ul><\/li>
Procedure of Trading Operations Execution<\/div>
- Trading Operations<\/b> include arbitrage operations for sale and purchase of trade contracts with the trading instruments provided by the Company<\/b>. These operations are executed via the Trading Terminal<\/b> provided by the Company<\/b> within the Client\u2019s Area<\/b>. The processing of all Clients Trading Operations<\/b> is carried out by the Company<\/b> using the Trading Server<\/b> at its disposal with the appropriate software.<\/li>
- The Company<\/b> provides quotes in the Trading Terminal<\/b>, indicating the price in a single Plost<\/small><\/b> quote, which is calculated by the formula: Plost<\/small> = Pbid<\/small> + (Pask<\/small>-Pbid<\/small>)\/2<\/b>
Where: Plost<\/small><\/b> – the price that is used for executing Trading Operations<\/b> and transactions that take place for opening and closing trade contracts. Pbid<\/small><\/b> – the Bid price provided to the Company<\/b> by its liquidity providers. Pask<\/small><\/b> – the Ask price provided to the Company<\/b> by its liquidity providers.<\/li>- Trading<\/b> on the Company\u2019s Trading Server<\/b> is also performed at the price of Plost<\/small><\/b>. The Company<\/b> allows Trading Operations<\/b> and quotes around the clock.<\/li>
- The Company<\/b> uses the \u00abMarket Execution\u00bb quotation technology for the