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Terms and conditions

Elite Forex is solely owned by Forex Elite Academy Limited. You should read these terms and conditions carefully before completing registration (and, if applicable, installation of the company’s proprietary software). By clicking ‘accept,’ ‘I agree,’ or ‘continue’ (as the case may be) and registering and/or using the company’s services, you confirm and acknowledge that you have read these terms of use and the end-user license agreement, understand its content, and agree to be bound by all its terms and conditions. If you do not agree to any or all of the terms and conditions set forth in this agreement, do not access or use this website.

1. Company and Services

Forex Elite Academy Limited (hereinafter referred to as “the Company”) operates an online system facilitating the execution of financial contracts. These contracts are executed via various platforms under the Forex Elite Academy Limited name.

This agreement applies to both the Company’s website and the Forex Elite Academy Limited System, as well as the electronic content and software provided on the website. These resources supply real-time information on the prices of financial contracts and exchange rates of international currencies. Additionally, the system allows for the execution of financial contracts and foreign currency trading transactions.

The Company may add features, content, or services in the future. Services may be provided directly to customers or through authorized local representatives. If a local representative is available in your country, they will be listed in the attached Designated Representatives Exhibit. The Company may delegate powers or authorities to such representatives as necessary for local operations.

2. Definitions

For the purposes of this agreement, the following terms are defined as follows:

2.1. System: An electronic system designed to facilitate trading in financial contracts via the internet using the Forex Elite Academy Limited platform, subject to the terms of this agreement and the Trading Manual.

2.2. Financial Contract or Contract: A contract to purchase Forex, CFD, or any other financial offering that the Company may offer via the system from time to time.

2.3. Cryptocurrency or Crypto: A digital or virtual currency that uses cryptography for security. Cryptocurrencies are typically decentralized and based on blockchain technology. They are not issued by any central authority, rendering them theoretically immune to government interference or manipulation.

2.4. Contract Price: The rates offered by the system based on “indicative” rates provided by various financial information systems for contracts of the applicable nature in the financial markets.

2.5. Markets: International financial, commodities, and other applicable markets where contract rates are fixed upon free trade and where various financial assets are traded.

2.6. Business Day: One calendar day, beginning at 00:00 and ending at 23:59 GMT.

2.7. Transaction: The purchase or sale of a financial contract for a fixed price.

2.8. Closing: A reversed transaction aimed to close an open position (e.g., selling a financial contract previously purchased) with the same sum or quantity as the initial transaction on the same business day.

2.9. Collateral: The initial sum deposited by you with the Company, after the deduction of losses and funds withdrawn, plus any profits derived from transactions.

2.10. Trading Manual: The manual detailing the procedures and terms for the performance and execution of transactions.

3. Membership Eligibility

The Company’s services are available only to individuals or companies who can form legally binding contracts under the applicable laws in their country of residence. Services are not available to persons under the age of 18 or those who cannot execute legally binding contracts due to other legal restrictions (“Minors”).

If you are a minor, you may not use this service. The Company is not responsible for any unauthorized use of its services by minors.

Additionally, services are only available to individuals with sufficient experience and knowledge in financial matters to evaluate the merits and risks of acquiring financial contracts via this site. The Company is not obligated to verify whether you possess such knowledge or experience, nor is it responsible for any damages or losses incurred due to a lack of knowledge or experience.

Furthermore, the Company is not responsible for the accuracy of any information published on its website, either by itself or others. All published information should be regarded as unverified for managing your activity and risks. You must ensure that all information you require is checked and confirmed independently before executing any actions on the website.

IMPORTANT: If you do not have the knowledge, experience, or personally assessed data to execute transactions on a learned basis, DO NOT USE OUR WEBSITE OR SYSTEM.

 

4. The Account

4.1. Upon execution of this Agreement, the Company shall set up an account in your name and ownership in the System. The account and other relevant details shall be in accordance with the information provided by you, as required by the Company from time to time. You must ensure that the information you provide is complete, true, and accurate. Misleading information may be regarded as an offense and could result in immediate cessation of activities in your account or its immediate closure. You acknowledge that upon completion of your identification process, the Company may report you as a beneficiary in the applicable account held by the financial institution where the Company deposits the collateral funds, and to that end may transfer identification details you provided.

4.2. By accepting all terms and conditions of this Agreement, you authorize the Company to carry out orders and activities in accordance with your instructions, or those of your duly authorized agents, in writing and/or orally, all in accordance with the powers granted under this Agreement and/or for the provision of Services.

4.3. The execution of any transaction in the account is subject to the deposit of collateral by you. The Company shall not allow any transaction without the said deposit and/or if the collateral is insufficient, subject to the Company’s policy. If trading commences before confirmation of deposit and no collateral was deposited, the Company may deduct from any profits gained the amount that should have been deposited as collateral. All funds shall be held by the Company and may be deposited with any financial institution. In the event of insufficient collateral during a transaction, the Company may decrease your exposure, request rectification, or demand full payment for any deficiency. The Company reserves the right but is not obligated to decrease your exposure, and you will have no claims regarding losses from the decrease or non-decrease of exposure.

4.4. The Company may, at its discretion, amend the terms governing the use of the System, the scope of Services, and the collateral required for transactions without prior notice. However, such changes will not apply retrospectively and will only apply to new acquisitions of financial contracts.

4.5. Upon opening the account, the Company will issue a confidential personal identification code (the “Access Code”) for operating your account via the Internet. You must safeguard the Access Code and waive any claims against the Company relating to unauthorized use of the Access Code.

4.6. Acquisitions of Financial Contracts through the System must be made according to the latest terms and conditions on the site. The Company may amend these terms, and changes will be effective from the date they are updated on the site. Acquisition of a Financial Contract is completed when the contract has been customized, the premium has been calculated, and payment has been verified.

4.7. The Company reserves the right to retroactively adjust the spread applied to positions where a spread was incorrect due to technical or human error.

4.8. Each trade is subject to costs of spreads, commissions on opening, and swaps applied every night. Swaps are defined as the interest paid or earned for holding a position overnight, depending on the interest rates of the currencies involved. Rollover can significantly impact your trade costs or profits. **Rollover Booking Times**: The forex trading day begins and ends at 00:00 (GMT) by our servers. Positions open at this time are subject to rollover. No rollover applies on weekends or holidays, but triple rollover may apply on Wednesdays or before holidays.

4.9. The Company can provide a Dedicated Account Manager who supports the trader with research and advice. The company does not charge for these services. All trading decisions based on the advice are made solely by the trader. The company bears no responsibility for profits or losses resulting from this advice. The company may also contact customers for compliance or trading purposes.

5. Bonus Terms and Conditions

5.1. Bonus Policy:
The Company offers various bonuses and trading credits as part of its promotions. These bonuses are limited-time offers, and their terms and conditions are subject to change. Clients will have the opportunity to review the terms before accepting any bonus.

5.2. Bonus Withdrawal Conditions:
The bonus amount cannot be withdrawn until the end of the Term or Period. The client must achieve a turnover equivalent to 5,000 times the combined value of the initial deposit and the bonus amount to withdraw the bonus at the end of the Term.

5.3. Trading Volume Requirement:
From the date you receive your bonus, your trading volume will count towards the bonus withdrawal requirement.

5.4. Fraudulent Activity:
Any indication of fraud, manipulation, or deceitful activity related to the bonus will render the account inactive, and all profits or losses will be forfeited.

5.5. One Bonus Per Client:
Clients are entitled to only one introductory bonus upon opening an account. Multiple accounts opened to receive additional bonuses may be closed without notice, and any bonus or earnings will be forfeited.

5.6. Bonus Opt-Out:
Clients are not required to accept any bonus. If a client mistakenly accepts a bonus, they must notify Customer Support within five working days. If no more than two trades have been made, the bonus can be removed from the account.

5.7. Complaints:
If a client opens a complaint, the bonus will be considered a debit in favor of the Company. The account will no longer benefit from negative balance protection, and any refunds will be loaded into the account.

5.8. First Five Protected Positions:
Clients who open a new account and deposit a minimum of $200 (USD/EUR) without using an Expert Advisor (EA) are eligible for the FTD5 Promotional Offer. The first five positions, with leverage up to 1:20, will be protected, and any funds lost will be credited back to the account. Profits from the first five trades belong to the client.

6. Company Warranties

6.1. The Company has the required skills and know-how to provide the Services.

6.2. The Company does not act as an agent, trustee, or broker when executing transactions in the System.

6.3. The Company does not provide financial advice, and information on the site should not be considered as such. You are responsible for making independent inquiries before making any financial decisions.

6.4. The Company shall not be liable for any losses incurred as a result of your reliance on its information.

6.5. The maximum loss you may incur is the amount of money paid as collateral or sums used to purchase Financial Contracts.

6.6. The Company does not provide a market amongst customers for investments. Each Financial Contract is an individual agreement between you and the Company.


7. Company’s Rights Regarding Account Operation

The Company reserves the right to suspend site operations or sections thereof under the following circumstances:

7.1. When political, economic, or other circumstances outside the Company’s control materially affect the continued operation of the site.

7.2. When communication breakdowns prevent accurate determination of financial contract values.

7.3. When there is suspicion of system abuse or manipulation.

7.4. In such cases, the Company may close out your open contracts at prices it considers fair and reasonable. No claims may be entertained against the Company in connection to such actions.

7.5. Operations on trading accounts are personal, and third-party operations are unauthorized. Simultaneous connections to accounts from different IPs are prohibited. The Company may impose fines and block accounts if unauthorized activity is detected.


8. Client Warranties

8.1. All details provided to the Company are true, complete, and accurate. You are an adult and experienced investor capable of understanding and evaluating the risks.

8.2. You are the sole owner and beneficiary of the account.

8.3. You acknowledge that the Company is regulated under local laws of Vanuatu and that you are responsible for complying with your local laws. The Company reserves the right to refuse or cancel services if your activities are found to be illegal.

8.4. All funds deposited in your account are of legal origin and not proceeds of crime.

8.5. You are aware of the risks involved in the transactions described in this Agreement and have read the Risk Factors Disclosure.

8.6. You are solely responsible for all actions and orders executed in your account, and you indemnify the Company against any costs and losses resulting from such actions.

8.7. The Company is not liable for any malfunction of equipment or Internet connections on your end. You are responsible for maintaining the means to access the site and assume all associated risks.

9. Collateral

9.1. In order to be able to start using the System to execute Transactions, you shall be required to transfer moneys to an account designated by the Company, to be used as collateral for the Transactions described herein.

9.2. The Company shall have all rights and authority with respect to the Collateral until its withdrawal by you.

9.3. Any profits accruing from your Transactions shall be added to your account as supplementary collateral. All losses resulting from your Transactions shall be deducted from your account.

9.4. To remove any doubts, your credit balance shall bear no interest.

10. Additional Deposits, Withdrawals, and Closure of the Account

10.1. Any withdrawal of the available Collateral, whether partial or total, including any accrued profits (but not future profits) – shall be executed by you in writing, with prior notice to the Company of at least seven business days.

10.2. You may transfer to your account, at any time, additional funds to be used as Collateral for Transactions. All terms of this Agreement shall apply to any additional funds so deposited.

11. Duly Authorized Persons

11.1. You may from time to time inform the Company of any person or persons that you have empowered or authorized to communicate with the Company on your behalf. Such information shall only be sent to the Company by a written notice, which shall include the names and identification details of the authorized person or persons. In addition, a signature specimen of each of the above shall be delivered to the Company. This delegation of authority could also be revoked in writing.

11.2. Written or orally transmitted orders to execute Transactions by any such authorized representative shall bind you and the Company for all intents and purposes.

12. Recording of Telephone Conversations and Record Keeping

12.1. The Company or an authorized party on its behalf may (but is not obligated to) record every telephone conversation.

12.2. The Company or an authorized party on its behalf shall keep copies of every written order received from you for a period to be determined at its sole discretion. Furthermore, the Company or an authorized party on its behalf shall maintain records of all your Transactions.

12.3. Any of these records/recordings may be used by the Company for any purpose the Company sees fit, including in the resolution of conflicts that might occur between the Parties.

12.4. It is hereby clarified that the said records/recordings are the sole property of the Company, and it is under no obligation to deliver or expose such material to anyone. It is further clarified that in any event in which the Company shall be required to deliver a copy of such or provide documentation regarding your account, including by strict instructions from the competent bodies or authorities, you shall bear the full cost of duplicating and/or copying any record and/or documents in accordance with the then-current Company official price list for such services.

13. Risks and Liability

13.1. All the Transactions shall be carried out on your behalf and at your risk. Neither the Company nor any authorized party on its behalf shall be held liable for any loss, damage, or debt incurred by you resulting directly or indirectly from actions contemplated under this Agreement. To remove any doubts, in any event, any sum to be claimed by you may not exceed your Collateral.

13.2. You hereby declare that you understand and accept that a fundamental pre-condition to this Agreement relates to the Company’s right to close at any time, without advance notice, any Transaction executed by you, in the event that your portfolio shall be of zero value or less, as calculated with respect to the fluctuations in the Financial Contracts’ prices.

14. Reports

14.1. At your request, the Company or an authorized party on its behalf shall provide you with reports of all your Transactions and your current Collateral amount.

15. Commissions and Charges

15.1. You shall not be charged any commissions by the Company for any Transaction executed unless agreed otherwise by the Parties hereto.

16. Transactions and Trade Characteristics

16.1. Each Transaction shall be executed in accordance with the applicable procedures as set forth in the Trading Manual. For all intents and purposes, the acceptance of a Transaction by you and the deposit of the Collateral to be used in such a Transaction shall be sufficient consideration.

16.2. The acceptance of your instructions by the Company and the facilitation of the execution of Financial Contracts by the Company shall be in accordance with customary practices in the international financial markets and customary practices which apply to Financial Contracts of the nature of the Contracts executed by you using the System.

17. Stop of Trade, Inaccurate Quotes, Force Majeure

17.1. You understand that the trading facilities provided by the System may be halted or suspended at any time without prior notice due to circumstances beyond the control of the Company. In such an event, the Company or an authorized party on its behalf may close any open positions you may have (by performing a Reverse Transaction) without prior written notice being sent to you, at fair market value reflecting, as closely as possible, the applicable prices of the relevant Contracts. You hereby waive any claims of indemnification/suits/causes of action against the Company in such an event and acknowledge that such waiver is a pre-condition to the validity of this Agreement.

17.2. The Company reserves the right, provided that prior written notice to this effect has been sent to you, to cancel any Transaction that, due to a System and/or human error, whether under the control of the Company or not, has been executed at a price which, at the time of the Transaction, was not the indicative and/or accurate price of that said Financial Contract created by the transaction.

18. Settlements and Payments

18.1. No funds or assets shall be transferred by one party to the other with respect to any Transaction, other than the settlement of your losses, which shall be deducted by the Company or an authorized party on its behalf from the Collateral, and payments of accrued profits made out to you by the Company or an authorized party on its behalf.

18.2. It is hereby clarified that the Company does not provide currency exchange services, and therefore your Collateral may not be repaid to you in a currency different from the currency you deposited with the Company. The outstanding balance (of your debts and receivables from the Company) shall be repaid to you in the same currency with which you paid your Collateral.

18.3. To remove any doubts, all payments demanded by you shall be transferred to you within, and no later than, seven (7) business days following your request for payment.

18.4. Withdrawal instructions:

  • In case you wish to withdraw funds accrued in your account, you must complete, sign, and return to the Company, as a pre-condition to processing your request, the “Request for Release of Funds” form, which shall be delivered to you by the Company or an authorized party on its behalf.
  • No funds shall be released by the Company without the prior receipt by the Company or an authorized party on its behalf of the said form, duly signed by you or your designated representative.

18.4.1. In order to get a withdrawal, your request must follow these points:

  • Minimum withdrawal: €100 / $
  • If you make the withdrawal during the startup (position protected promotion), there is a minimum cost of evasion of 20$/€
  • Withdrawals are processed if all KYC documentation on the account is in order. If documents are missing, the withdrawal request will be delayed.
  • If there are open positions, the back office reserves the right to wait for adequate available capital to be withdrawn.
  • The Broker reserves the right to carry out a post-clearance check on the correct application of spreads and swaps on closed positions.
  • Withdrawal requests will not be processed if the requested amount is greater than the available margin on the platform. If you request a withdrawal larger than the available margin, you must send an authorization email where you assume personal responsibility for sub-capitalizing your trading account, leading to a margin call and possible clearing of your account.
  • Withdrawals are processed within 48 hours of the request (excluding Saturday, Sunday, and holidays).

18.5. Refund Policy: In case you wish for a refund of your funds, Forex Elite Academy Limited will fully refund your unused funds with Forex Elite Academy Limited account.

19. Intellectual Property

19.1.1. This website belongs to us or a third party, including our licensors. This content may include names, terms, and/or data which may or may not be identified with a symbol indicating a name, term, or item in which copyright is claimed or a registered trademark is held. The lack of any such symbol should not, under any circumstances, be understood as meaning that the name, term, or data is not the intellectual property of either ourselves or a third party.

19.1.2. Any third-party intellectual property used by us in the content of our website should not be interpreted as meaning that the third-party owner sponsors, endorses, or is in any way affiliated with us or our business, nor that they make any representation regarding the advisability of betting on or trading in our products.

19.1.3. Except where necessary in order to view the information on this website on your browser, or as permitted under Vanuatu law or these Terms and Conditions, no information or content on this website may be reproduced, adapted, uploaded to a third party, linked to, framed, performed in public, distributed, or transmitted in any form by any process without our specific written consent.

19.1.4. In addition to the above, you agree not to “deep-link” to the website, resell, or permit access to the website to others, and not to copy any materials appearing on the website for resale or any other purpose to others without the prior written consent of the Company. For the avoidance of doubt, you shall be responsible and be bound by any unauthorized use of the site by you, made in breach of this section.

20. Use of Information

20.1. You agree to use the information received from the information systems of the Company for the sole purpose of executing Transactions inside and within the Company’s website or System. You further agree not to use any electronic communication feature of a Service on the site for any purpose that is unlawful, tortious, abusive, intrusive on another’s privacy, harassing, libelous, defamatory, embarrassing, obscene, threatening, or hateful.

21. Termination of License

21.1. The license granted under this Agreement shall be terminated if the Company has reason to believe that any information provided by you, including your e-mail address, is no longer current or accurate, or if you fail to comply with any terms or conditions of this Agreement and all rules and guidelines for each Service.

21.2. Upon such violation, you agree to cease access to the Services. You agree that the Company, at its sole discretion and with or without notice, may terminate your access to any or all Services, and remove and discard any information or content within a Service.

22. Ownership

22.1. The license granted to you by the Company in this Agreement to use the Software will remain in effect for as long as this Agreement or any amended agreement that replaces it remains in full force and effect. Ownership of the Software, Documentation, and all intellectual property rights therein shall remain at all times with the Company. Any other use of the Software by any person, business, corporation, government organization, or any other entity is strictly forbidden and constitutes a violation of this Agreement.

23. Proprietary Protection

23.1. The website, Software, and Documentation contain material that is protected by international copyright, trade secrets, and trademark laws, and by applicable international treaty provisions. All rights not granted to you herein are expressly reserved by the Company or its applicable licensors, suppliers, or partners. You may not remove any proprietary notice of the Company from any copy of the Software or Documentation.

24. Restrictions

24.1. You may not publish, display, disclose, rent, lease, modify, loan, distribute, or create derivative works based on the Software or any part thereof. You may not reverse engineer, decompile, translate, adapt, or disassemble the Software, nor shall you attempt to create the source code from the object code for the Software. You may transfer the Software to other computers that you own, as long as you only use it on one computer at a time.

24.2. Forex Elite Academy Limited does not provide investment services in the EU, USA, Canada, Iran, Iraq, Armenia, Azerbaijan, or the UK.

25. Hyperlinks

25.1. The Company may provide links to other sites controlled or offered by third parties. Such links to sites are not an endorsement, authorization, sponsorship, or affiliation with respect to such sites, their owners, or their providers.

26. Caution Regarding Third-Party Sites

26.1. The Company cautions you to ensure that you understand the risks involved in using those sites before retrieving, using, relying upon, or purchasing anything via the Internet. Links to these websites are provided solely for your convenience, and you agree that under no circumstances will you hold the Company liable for any loss or damage caused by the use of or reliance on any content, goods, or services available on other sites.

27. Current and Binding Form

27.1. You acknowledge and agree that the Company may update, adjust, and/or amend the terms of this Agreement from time to time according to its needs and in its sole discretion. The accurate and current binding form of the Agreement shall be published and accessible to you on the Company’s website. The binding form of this Agreement shall be in accordance with the current form in force at any applicable time.

28. Confidentiality

28.1. You acknowledge that the Software contains proprietary trade secrets of the Company and agree to maintain the confidentiality of the Software using at least as great a degree of care as you use to maintain the confidentiality of your own most confidential information. You agree to reasonably communicate the terms and conditions of this Agreement to those persons employed by you who come into contact with the Software and to use your best efforts to ensure their compliance with such terms and conditions.

29. Limited Warranty

29.1. ANY USE BY YOU OF THE COMPANY’S WEBSITE AND SOFTWARE IS AT YOUR OWN RISK. THE WEBSITE AND SOFTWARE ARE PROVIDED “AS IS” WITHOUT WARRANTY OR REPRESENTATION OF ANY KIND WHATSOEVER BY THE COMPANY, INCLUDING BUT NOT LIMITED TO MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. TO THE MAXIMUM EXTENT PERMITTED BY LAW, THE COMPANY DISCLAIMS ALL WARRANTIES OF ANY KIND, BOTH EXPRESS AND IMPLIED, INCLUDING, WITHOUT LIMITATION, IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. THE COMPANY DOES NOT WARRANT THAT THE FUNCTIONS CONTAINED IN THE SOFTWARE WILL MEET ANY REQUIREMENTS OR NEEDS YOU MAY HAVE, OR THAT THE SOFTWARE WILL OPERATE ERROR-FREE, OR IN AN UNINTERRUPTED FASHION, OR THAT ANY DEFECTS OR ERRORS IN THE SOFTWARE WILL BE CORRECTED, OR THAT THE SOFTWARE IS COMPATIBLE WITH ANY PARTICULAR PLATFORM. YOU ACKNOWLEDGE THAT GOOD DATA PROCESSING PROCEDURE DICTATES THAT ANY PROGRAM, INCLUDING THE SOFTWARE, MUST BE THOROUGHLY TESTED WITH NON-CRITICAL DATA BEFORE YOU RELY ON IT, AND YOU HEREBY ASSUME THE ENTIRE RISK OF USING THE SOFTWARE. THIS DISCLAIMER OF WARRANTY CONSTITUTES AN ESSENTIAL PART OF THIS LICENSE. SOME JURISDICTIONS DO NOT ALLOW THE WAIVER OR EXCLUSION OF IMPLIED WARRANTIES, SO THEY MAY NOT APPLY TO YOU.

30. Limitation of Liability

30.1. IN NO EVENT SHALL THE COMPANY, ITS OFFICERS, DIRECTORS, OR EMPLOYEES BE LIABLE TO YOU OR ANY THIRD PARTY FOR ANY INCIDENTAL OR CONSEQUENTIAL DAMAGES (INCLUDING, WITHOUT LIMITATION, INDIRECT, SPECIAL, PUNITIVE, OR EXEMPLARY DAMAGES FOR LOSS OF BUSINESS, LOSS OF PROFITS, BUSINESS INTERRUPTION, OR LOSS OF BUSINESS INFORMATION) ARISING OUT OF THE USE OF OR INABILITY TO USE THE SOFTWARE, OR FOR ANY CLAIM BY ANY OTHER PARTY, EVEN IF THE COMPANY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. THE COMPANY’S AGGREGATE LIABILITY WITH RESPECT TO ITS OBLIGATIONS UNDER THIS AGREEMENT OR OTHERWISE WITH RESPECT TO THE SOFTWARE AND DOCUMENTATION SHALL NOT EXCEED THE AMOUNT OF THE FEES PAID BY YOU FOR THE USE OF THE SOFTWARE AND DOCUMENTATION. BECAUSE SOME STATES/COUNTRIES DO NOT ALLOW THE EXCLUSION OR LIMITATION OF LIABILITY FOR CONSEQUENTIAL OR INCIDENTAL DAMAGES, THE ABOVE LIMITATION MAY NOT APPLY TO YOU.

31. Privacy Statement

31.1. The Company regards the privacy of its Customers and the protection of information concerning them as a prime importance. We store and process your information on servers protected by both physical and technological security measures. If you object to your information being treated in this way, please do not use our services. We shall not sell or rent your personal information to third parties for any purposes without your explicit consent and will only use your information as described in our Privacy Policy. By accepting this Agreement, you consent to the receipt of promotional and advertising material which will be sent to you by us, whether our own or from any other third party.

32. Termination of Agreement

32.1. The Company may terminate this Agreement at any time by giving you notice to this effect.

32.2. You may terminate this Agreement at any time by giving the Company 48 hours’ advance notice by mail.

32.3. Termination of the Agreement by either Party shall require you to close all open positions by executing the required Transactions.

32.4. As of the date of the termination notice by you, you may not execute any new Transactions that will open new positions in your account.

33. Miscellaneous

33.1. This Agreement, including all Sections listed herein, comprises the entire and exclusive agreement of the Parties with respect to the subject matter hereof and supersedes any and all prior and contemporaneous agreements, understandings, arrangements, proposals, or representations, whether written or oral, heretofore made between the Parties and relating to this subject matter. In the event that the Customer is comprised of several entities or individuals, the terms of this Agreement shall bind all of them jointly and severally.

33.2. All obligations under this Agreement shall be performed by and between the Parties. This Agreement does not create any rights on behalf of, or to the benefit of, any third party not a signatory hereto.

33.3. You may not transfer this Agreement or any of your rights or obligations hereunder to any third party.

33.4. The Company or an authorized party on its behalf may send any notices and documents to you by post, telex, courier, email, or fax, as it deems fit. Any notice sent by you to the Company shall be sent by certified mail or courier. Such notice shall be effective upon its actual receipt by the Company.

33.5. This Agreement shall be construed and enforced in accordance with, and shall be governed by, the laws of Vanuatu, notwithstanding any conflicts of laws principles. Each of the Parties hereby irrevocably (i) consents to any suit, legal action, or proceeding with respect to this Agreement being brought exclusively in the competent courts of Vanuatu (the “Courts”) and waives to the fullest extent permitted by law any objection which it may have now or hereafter to the venue of any such suit, action, or proceeding in any such Courts and any claim that any such suit, action, or proceeding has been brought in an inconvenient forum, (ii) acknowledges the competence of such Courts, (iii) explicitly submits to the exclusive jurisdiction of such Courts in any such suit, action, or proceeding, and (iv) agrees that final judgment in any such suit, action, or proceeding brought in such Courts shall be conclusive and binding upon it and may be enforced in all courts.

34. General Market Commentary

34.1. Any opinions, news, research, analyses, prices, or other information contained on this website are provided as general market commentary and do not constitute, and may not be construed as, investment advice of any kind. The Company shall not accept liability for any loss or damage, including, without limitation, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.

35. Limitation of Liability

35.1. By using the services offered by the Company and by using this website, the user agrees that www.eliteforex.co, the author, and any other entities associated with www.eliteforex.co shall not be held liable for any direct or indirect, consequential loss or any damages whatsoever arising from this usage or the use of any information, signals, software, messages, manuals, worksheets, instructions, alerts, directives, or any other information related to its use and understanding.

36. Risk

36.1. Use of this site and the services offered by Forex Elite Academy Limited is made at your own risk.

37. No Guarantees

37.1. Neither guarantees of performance, results, nor any anticipated return on investment is offered at any time.

38. Past Performance

38.1. Past performance is not and may not be construed or relied upon as a guarantee of future results.

39. Responsibility and Liability

39.1. By using this website, you agree to assume full and exclusive responsibility and liability for your research, decisions, and actions.

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