This Agreement, often denoted as the “Terms and Conditions”, applies to the web pages, services, content, databases, and information collectively identified as the “Services”. The responsibility for delivering the content and information within these Services lies with Novamarkets Limited often referred to as “The Company” or “Us, We, Our,” and its collaborators, collectively referred to as the 'Information Providers’ and the “Person” or “He/His” or “She/Her” who make use of this Service is hereinafter referred to as the “Clients”.
AGREEMENT
By utilizing the Services, the “Client” affirms the agreement to abide by the terms outlined in this Agreement. In case of disagreement, The Company is unwilling to grant access to the Services, and the Client should promptly cease the usage. Clients must be aware that The Company reserves the right to make modifications to this Agreement at its sole discretion and without prior notice. Any such alterations will be made available online and will become effective immediately upon publication. It is advisable to periodically review this Agreement to ensure awareness of the current terms and conditions. Continued use of the Services implies acceptance of this Agreement, and the Client’s ongoing utilization following any amendments will be considered as acceptance of the modified Agreement. If the Client dissents with the changes, it is imperative to notify the Company in writing or by telephone, express Client’s refusal, and discontinue the Client’s use of the Services.
ACCOUNT REGISTRATION
The Client agrees to provide accurate and complete information during the account opening process. The Company reserves the right to reject or terminate accounts if false information is provided. Clients are responsible for maintaining updated information throughout their engagement with the Company. The content or registration on this website is not targeted towards individuals residing in the United States, Cuba, Iraq, Myanmar, North Korea, Sudan and is not designed for promotion, distribution, or use by any person in any jurisdiction where such actions would contravene local laws or regulations.
TRADING TERMS
Clients acknowledge comprehension of Trading Terms, covering aspects such as Leverage, Margin Requirements, and order execution Terms such as “Bid/Ask”, “Market Execution”, Pending Order”, “Stop Limits”, “Deposit/Withdraw”, and other Terms involved in this Service. This understanding is crucial for informed and responsible trading practices and by acknowledging these terms, clients demonstrate their commitment to navigating the financial markets with prudence and adherence to the established guidelines, ensuring a transparent and mutually beneficial relationship with the Brokerage.
RISK INVOLVED
Clients acknowledge the inherent risks tied to Trading, comprising market fluctuations, geopolitical events, and the potential for financial loss. Understanding these risks, Clients bear the responsibility for managing their risk exposure. This awareness is paramount, empowering clients to make informed decisions and implement effective Risk Management strategies in navigating the dynamic landscape of the Market, ensuring a prudent and calculated approach to Trading. Unless explicitly stated otherwise, the Company does not guarantee specific rates of return, investment performance, or capital repayment. Investments involve inherent risks, including potential delays in repayment and the risk of loss of income or capital. Clients are advised to carefully consider these uncertainties before making investment decisions.
USE OF PERSONAL DATA
To deliver and inform the Client about our services, we verify Client’s identity and manage the account effectively for optimal service. This involves third-party credit or identity checks. We collect, process, and disclose personal data to meet contractual, regulatory, and statutory obligations, driven by our legitimate business interest. This ensures the delivery of contracted services. Opening Client’s account requires using personal information to fulfill services and comply with obligations. Regular reviews aim at providing the Client with the best products and services. The provided information may be used for improvement through customer surveys. Opt-out instructions are included in marketing materials if the Client wish to do so in the future. We collect personal data including name, address, contact details, date of birth, employment details, ID/passport number, income/wealth information, trading history, and social media data. Obtained through services, websites, apps, and customer communication, data may also come from third parties with proper consent. We may request additional information, and failure to provide it may impact our ability to fulfill requests or maintain services. It is assured that both parties agree to maintain the confidentiality of any non-public information shared during the course of the client relationship.
MISCELLANEOUS
By consenting to the Services and software Terms and Conditions, the Client explicitly recognizes that Novamarkets Limited, prioritizing security, maintains the right to observe the Client’s website activities. The information gathered in this process may be employed by Novamarkets Limited for internal business purposes, emphasizing our commitment to ensuring a secure and efficient user experience. The Client’s agreement to these terms signifies a shared commitment to the safety and integrity of our services.
