Service Agreement

Contents:

1. General Provisions and Subject of the Agreement

1.1This Service Agreement has been made by Vibatrade App (hereinafter – Vibatrade), and the natural person who filled in the registration form on the Vibatrade's website or in the trading platform and accepted the terms of this Service Agreement and of the appendices hereto at the moment of registration (hereinafter – Client).

1.2The Agreement is an invitation to make offers posted on the Vibatrade's website that must be treated as an offer to enter into this Agreement on the terms set forth in it. The posted offer is not public. The Vibatrade at its sole discretion may refuse to enter into an Agreement with anyone without explaining the reasons for refusal or, if registration took place, to terminate contractual relations and to block access to the trading terminal. The Client's registration on the Vibatrade's Website or on the trading terminal is considered as full and unconditional acceptance of the terms of the Agreement. As soon as the Vibatrade receives a payment to replenish the Client's trading account, each Client transaction using the trading terminal or Dashboard becomes the subject of this Agreement.

1.3The Client must carefully review the terms of the Agreement. By accepting the terms of this Agreement, the Client agrees to the terms of all annexes to it listed above, including the terms on subdomains of the Vibatrade's website that are accessible by the Client and confirms that he/she is an adult who is a legally capable person and is not a resident of a country where trading in options may be deemed illegal.
The Client also represents and warrants to the Vibatrade that:

  • 1.3.1All information provided during Client registration and during the performance of Agreement, is true, accurate, reliable and complete in all respects, and the Client completed the registration form him/herself;
  • 1.3.2The Client possesses legal personality to enter into this Agreement, to make inquiries and give orders, and to exercise his rights and to fulfill obligations in accordance with the terms of the Agreement;
  • 1.3.3The Client will carry out trading and non-trading transactions personally, on his own behalf and at his own expense and will not use funds borrowed from other Vibatrade Clients or from third parties to carry out transactions. The Client will be guided by the principles of integrity, honesty, and rationality; the Client will not take actions coordinated with other Vibatrade Clients aimed at damaging the Vibatrade; the Client will not use technical features of the quote stream update on the trading terminal and will not use software errors, defects, and vulnerabilities he discovers in the trading terminal to extract income and will not distribute the information about vulnerabilities to the third parties. The Client will not use unfair and dishonest methods or ways of making trades (transactions) with the Vibatrade; the Client will not use insider or confidential information or any other information, as a result of the use of which the Client might benefit when trading with the Vibatrade and/or that might damage the Vibatrade;
  • 1.3.4The Client will adhere to legal norms, in particular, but not limited to, international norms aimed at controlling illegal trade, financial fraud, and money laundering;
  • 1.3.5The Client will not use the trading terminal or website to collude in illegal financial activities or any other illegal transaction;
  • 1.3.6The money listed by the Client on the Vibatrade's account has legal origin. The Client legally owns the money and has the right to use and manage it. The Client's account will not be replenished from third party payment instruments.
    The Client will not replenish third party Client accounts or withdraw money from the Client's account to third party payment instruments.
  • 1.3.7No actions of the Client pursuant to the Agreement will violate any law, regulation, right, bylaws, or rules and regulations applicable to the Client or in the jurisdiction where he/she resides or the provisions of any other agreement binding on the Client or involving any assets of the Client.
  • 1.3.8To carry out transactions, the Client will use account data from Trading Terminal belonging to him and will not transfer account data to third parties and will not use account data of the Vibatrade's clients for trading and (or) non-trading operations;
  • 1.3.9The Client is not a federal or municipal employee, an employee of a federal or municipal institution, an employee of a federal or municipal organization, an organization in whose capital the state has a prevailing interest; the Client is not a politically significant person, a family member or a relative of a politically significant person; the Client is not a person closely connected with a politically significant person; the Client is not a person connected with the United States or with another country in which the Vibatrade does not operate. The terms used in this paragraph are interpreted and applied by the Vibatrade at its own discretion in accordance with the norms of international legislation and/or legislation of a particular state, generally accepted terms and definitions, customary business practices.

1.4The subject of the Agreement is the definition of the general conditions under which the Parties carry out transactions (trades), the content and procedure for which are set forth in this Agreement. The Vibatrade unilaterally sets and may alter at its sole discretion essential conditions for a transaction (trade), may limit the number of trades executed simultaneously, and limit the number of trades that a Client may make within the time period set by the Vibatrade, may set other limits for trades at its sole discretion and unilaterally.

1.5The Vibatrade may engage third parties to perform this Agreement. The Vibatrade is not responsible for services provided by such third parties.

2. Terms and Definitions

2.1Vibatrade Website – an internet site at the address (domain name) Vibatrade.com, and other internet sites which the Vibatrade references in the Agreement or on the Vibatrade Website.

2.2Trading Hours – the time when trading in an asset may be done.

2.3Funds Withdrawal – transfer of money from the Client's Account to the Client's External Account.

2.4Execution of a trade – a trading transaction in which the essential conditions of an option trade are agreed by the Client and the Vibatrade. After the essential conditions are agreed, the option trade is open.

2.5Exceptional Situations - abnormal market conditions and other exceptional conditions described in the Regulation on Trading Transactions.

2.6Asset Quote – the price for one unit of the Asset.

2.7Log entry - an entry in the database made by the Vibatrade server that, with accuracy to the millisecond or, in the case of absence of technical capability, with accuracy to the second, documents all Client inquiries and orders and the result of their processing. Each Client contact with the trading terminal and dashboard is documented in a log entry. These server data are the primary source of information and are used by the parties as evidence if disputes related to the performance of the Agreement arise. Information from a Vibatrade server Log entry has unconditional priority over all other arguments during settlement of a dispute, including over information from the Client's trading terminal Log file. The Vibatrade reserves the right not to keep Log entries.

2.8Price Direction – an essential condition of an option trade that determines the trade payout. A price may change direction Higher or Lower.

2.9Open Trade – an option trade after the execution of the trade and before trade closure, for which it is not determined yet whether a payout will be made.

2.10Price Feed – a succession of prices displayed on the Trading Terminal.

2.11Payment service provider - a company that provides funds transfer services.

2.12Vibatrade Server – the Vibatrade's software used to process and store information about client requests for trading and non-trading transactions, to provide to the Client real-time information about quotes, to account for trading and non-trading transactions, to monitor the fulfillment of trade conditions and limit trading transactions, and to determine the financial result of trades.

2.13Withdrawal Method – one of the Funds Withdrawal methods offered to the Client that is posted on the trading terminal and in the Dashboard.

2.14Vibatrade's Account – the Vibatrade's settlement account at a financial institution, an account (wallet) in an electronic payment system, and other accounts, including accounts of Payment Agents.

2.15Essential Conditions of a trading transaction (essential conditions of a trade) – the conditions that govern the payout of income from a trade to the Client by the Vibatrade.

2.16Client account (Trading account) - a special account in the Vibatrade's accounting system in which funds transferred by the Client to make trades are posted; from which the trade amount is frozen when the trade is executed; and to which income is credited when a trade is closed and the essential conditions of a trade are met. The Client has the right to have only one Client account. In case of violation of this rule, the Vibatrade has the right to refuse the Client in further service (rendering of services), to terminate this Agreement, and to block further possibility to carry out transactions without explanation and without payment of funds from the Client's account. It is not a violation of this clause of the Agreement when the Vibatrade, if possible and unilaterally, grants the Client the right to use several currencies within the Client's account, as well as the right to use the Client's account in relations between the Vibatrade and the Client, which are governed simultaneously by this Agreement and other agreements, concluded between the Vibatrade and the Client, under which the Vibatrade has the discretion to grant the Client the right to use the Client's account to engage in trading transactions which are not prescribed in this Agreement.

2.17Trading transactions - procedures to make and close trades with options between the Vibatrade and a Client. Trading transactions are carried out at the place of the Vibatrade's registration. No physical delivery of assets takes place during trading transactions. Trade amounts for trading transactions are frozen from the Client's account balance after a trade is made. The Income on trading transactions is credited to the Client's account immediately after a trade closes.

2.18The Trading Terminal is software through which the Client can obtain real-time information about quotes to carry out trading and non-trading transactions and receive messages from the Vibatrade. Entry to the Trading Terminal is protected by a password that the Client sets at registration on the Vibatrade's site. All orders and inquiries carried out through the Trading Terminal are deemed to be carried out personally by the Client. Clients from countries whose laws prohibit trading in options or other over-the-counter derivatives and the employees, affiliates, agents and other representatives of the Vibatrade and their relatives are prohibited from using the Trading Terminal. The part of the Trading Terminal with which a Client can carry out non-trading transactions in this Agreement may be called the Dashboard.

2.19Red Territory - the state of an open option trade if, at the current asset price, income cannot be paid out on that trade.

2.20Cookie file - a small data set including an anonymous unique identifier which is sent to the web browser of the Client's computer or mobile telephone (hereinafter "device") from the Vibatrade server (website) and is stored on the Client's device. The Client may configure a web browser to block cookie access to the device. When a Client visits the Vibatrade Website, the viewed pages and cookie files are downloaded onto the Client's device. Cookie files stored on the device may be used for anonymous identification if the Client revisits the Vibatrade's website and to determine the website pages that are the most popular among our Clients. Cookie files stored on the hard drive of the Client's device enable the Vibatrade to create the most user-friendly and efficient website for Vibatrade Clients, providing us an opportunity to identify our Clients' preferences.

2.21Trading signals are information about the state of the market gathered by the Vibatrade based on analytical conclusions that the Vibatrade is entitled to provide at its discretion to some or all Clients with respect to certain market indicators. Trading signals are not an offer and are not the Vibatrade's explicit recommendation to Clients to engage in trading transactions or to make trades. The Vibatrade is not liable for the accuracy of Trading Signals or for Client trading transactions and trades based on Trading Signals. The Client may, at his discretion, consider or ignore Trading signals when engaging in trading transactions and trades.

2.22Quote - the current Asset price displayed on the Trading Terminal. Terms used in this Agreement and definitions absent in this Clause shall be interpreted in accordance with usual and customary business practices applicable in regard to conclusion of agreements with financial derivatives.

2.23Company Fees

  • 2.23.1Prior to entering into any transaction with us via the Software or otherwise, please ensure you have considered any and all applicable charges such as Spread(s), Commissions and Overnight Fee(s), which are available on our website. It is your responsibility to ask for further clarifications should you require so. Any applicable charges shall be instantly deducted from your account(s).
  • 2.23.2Charges may not all be represented in monetary terms but may also appear in other units such as pips, the value of which can vary depending on the instrument. You will be able to find the value of a pip across all of a pip across all instruments on our website.
  • 2.23.3For Overnight Fees, depending on the position held and the prevailing interest rates of the currency pair involved in a transaction, your Account maybe credited or debited with financing.
  • 2.23.4Spreads, fees, commissions, interest and other charges will be payable by you when you trade using the Trading Platform. These charges will reduce your trading net profits (if any) or increase your losses. We charge our own interest rates, based on the overnight rate provided by our Liquidity Provider. We update our rates as often as we deem necessary.
  • 2.23.5Please note that additional costs, charges and fees may also be incurred. Resultantly, your equity balance will be further reduced by the applicable charges/fees.
  • 2.23.6Before you begin to trade with us, you acknowledge that you are aware of all spreads, fees, commissions, interest and other charges for which you will be liable under the Client Agreement. These charges will affect your trading account balance, your trading net profits (if any) or increase your net losses, as the case may be.
  • 2.23.7As the price is obtained through Vibatrade from a range of independent third-party reference sources, various nominated independent financial market data providers, who source their price feeds from relevant exchanges, there are various contingency arrangements that preserve the existence of a price feed from providers to Vibatrade, and onto clients.
  • 2.23.8An overnight fee is a small charge that occurs when you maintain a CFD position overnight, which is a standard part of trading CFDs. It is not unique to Vibatrade. These fees embody the market forces of supply and demand, covering the expense linked to your position. The fees fluctuate based on the position's value and direction (buy or sell) and are subtracted from your accessible balance. Overnight fees are applied daily. Additionally, a weekend overnight fee is imposed once a week on CFD positions for assets that are not charged overnight fees on the weekend.

2.24Spreads: The difference between our Bid and our Ask price is commonly referred to as our "Spread". We quote a two-way price for each CFD we offer. This two-way price consists of a Bid (the lower price which is the price at which you as a client may "Sell" the CFD) and Ask (higher price which is the price at which you as the client may "Buy" the CFD).

  • 2.24.1We aim to ensure our Spreads contribute towards delivering competitive Bid Ask prices to you. The Spread includes our costs for the services we provide to you.
  • 2.24.2Our Spreads are variable and it means that the Spread will vary throughout the day, depending on market volatility and available liquidity. They represent the best bid and ask prices are able to obtain from our liquidity providers, underlying regulated markets or other data feed providers.
  • 2.24.3Our Liquidity Provider has the right to change Spreads to reflect period actual or potential increased market volatility in the prices of underlying financial instruments or other market volatility caused by political or economic events.
  • 2.24.4The Company will provide quotes for all instruments with a varying spread, the average spread for each instrument is specified in the Trading specifications. The maximum spread for each instrument, under Normal Market Conditions, is available upon request; The spreads offered are the raw price quotes as they are received by Company's Liquidity Provider.
  • 2.24.5The Company's BUY and SELL prices for a given CFD are calculated by reference to the price of the relevant Underlying Asset, traded on the relevant Exchange. Third party reputable external resources (i.e. feed providers) obtain prices (BUY and SELL prices) of the Underlying Asset for a given CFD from the relevant Exchange. The Company then uses the prices given by the feed providers to calculate their own tradable prices for a given CFD. The Company adjusts the Spread (i.e. the difference between the BUY and SELL prices), hence the prices it quotes to Clients compared to the prices it obtains from third party external reference sources may differ, as they include a Spread adjustment. For the instruments available for trading during Extended Hours Trading, the spreads applied to such trades may be wider than the spreads that would have been applied to those trades during normal market hours. Wider spreads may apply for off-market hours due to, inter alia, reduced market liquidity and potential increased volatility of the relevant instruments.
  • 2.23.6As there is only one execution venue, cost is deemed the most important aspect to the client, assuming price movements track the underlying market fairly. Spreads are monitored via internal protocols, processes and examination of records.
  • 2.24.7All prices quoted by Vibatrade are provided by its parent company, Vibatrade ("Vibatrade"). Vibatrade uses the non-direct market access ("non-DMA") model for pricing its products. Specifically, Vibatrade determines and quotes its own Buy/Sell rates which are referenced to, but may differ from the actual prices in the underlying exchange or market. In particular, when the underlying exchange or market has insufficient liquidity, the CFD Buy/Sell prices quoted by Vibatrade may deviate significantly from the underlying or last available market price, or Vibatrade may charge additional spreads to its prices. Because Vibatrade deals with you as principal for its own account there is a risk of conflict of interests.

2.25We reserve the right to change, from time to time, any of the charges applicable to your dealings with us. We will provide you with prior written notice where we deem the changes to be material, unless such change comes as a result of an unforeseen market circumstance, where we may notify you on or the event. You will find the most up-to-date information about our charges on our website.

  • 2.25.1In the event you are dissatisfied with any changes we may make to our charges, you may contact our Customer Support Department, and/or terminate the Agreement in accordance with the provisions contained herein
  • 2.25.2The Company reserves the right to take additional measures it deems necessary, depending on the circumstances and the severity of the abusive act, such as to: restrict your access to only certain assets; and/or; restrict leverage in specific assets or in the trading account, or adjust the Spreads available to you; and/or immediately terminate the Agreement.

3. Communications and Provision of Information

3.1To communicate with the Client, the Vibatrade may use:

— e-mail;

— fax;

— telephone;

— SMS;

— letters sent by post;

— different types of messages sent to the Client on the trading terminal, in the Dashboard, browser window, etc. (push notifications, reminders, service messages, etc.);

— announcements on the Vibatrade website.

3.2To promptly communicate with the Client to resolve problems related to Client transactions, the Vibatrade will use the Client's contact information entered when the Client registered or modified the account pursuant to clause 4.5 of the Agreement. The Client agrees to accept message from the Vibatrade at any time.

3.3Any correspondence (documents, notices, confirmations, announcements, reports etc.) are deemed received by the Client:

  • 3.3.1one (1) hour after they are sent to the email address (e-mail);
  • 3.3.2immediately after they are faxed;
  • 3.3.3immediately after the telephone call ends;
  • 3.3.4immediately after an SMS message is sent;
  • 3.3.5seven (7) calendar days after they are mailed;
  • 3.3.6immediately after an announcement is posted on the Vibatrade website.

3.4The Client may also contact the Vibatrade by e-mail at support@vibatrade.com, and other email addresses and the telephone numbers listed in this Agreement and on the Vibatrade website.

3.5The Client understands and agrees that, if the Client's behavior during conversations with a Vibatrade representative is inappropriate, the Vibatrade reserves the right to unilaterally terminate this Agreement.

3.6The Vibatrade may use contact information provided by the Client to send informational, marketing, and advertising materials, and service messages and to resolve other tasks. The Vibatrade will determine the frequency with which it sends messages to the Client at its sole discretion. If the Client wishes not to receive from informational (and other) messages from the Vibatrade, he/she must unsubscribe by clicking on the Unsubscribe link (if the message format provides this ability) or by contacting the client support department.

4. Terms of use of the Vibatrade services.

4.1During registration the Client undertakes to provide correct and reliable identification information in accordance with requirements of the Client registration form.

4.2After successful registration, the Client will be granted access to the trading terminal, the ability to transfer funds to the Client's Account (placing a deposit in the Client's Account to be able to make option trades) and to perform other operations.

4.3The Client must promptly inform the Vibatrade about changes in identification and contact information (within 7 (seven) days after that change) by making the appropriate changes on the Trading Terminal or in any other way offered by the Vibatrade. To identify the Client and to inspect the origin of the Client's funds at any time after registration, the Vibatrade has the right to ask and the Client obliges to provide within 7 (seven) days after the request is received, any identification documents (these documents include identity documents; documents confirming the residential address, documents indicating the Client's financial standing, and other documents at the Vibatrade's discretion). The Vibatrade reserves the right to suspend non-trading and/or trading transactions on the Client's account if it finds that the Client's identification information is incorrect or inaccurate; if the Client has not provided the requested documents, the Vibatrade has the right to block the Client's access to the trading terminal until the client's identification procedure is completed. The Vibatrade also has the right to demand the Client to undergo the identification procedure by a personal visit to a Vibatrade-authorized agent and provide documents, the list of which is determined by the Vibatrade at its discretion.

4.4Login to the trading terminal is password protected.

  • 4.4.1The Client confirms and agrees that access to the trading terminal will be protected with a password set by the Client himself/herself during registration. The Client may not transfer the trading terminal password to third parties.
  • 4.4.2The Client assumes full responsibility for password protection and prevention of unauthorized third-party access to it.
  • 4.4.3All orders through the trading terminal with the Client's password will be deemed to have been made by the Client unless the Vibatrade establishes otherwise.
  • 4.4.4Any person who obtains access to the trading terminal by entering the Client's password will be identified as the Client unless otherwise specified by the Vibatrade.
  • 4.4.5The Vibatrade assumes no liability for any losses the Client may suffer in case of theft, loss or disclosure of the password to third parties or in case of unauthorized use of registration data by third parties.

4.5The Client may change the password to the trading terminal himself/herself or use the procedure for password recovery set by the Vibatrade.

5. Claims and Dispute Resolution

5.1The Parties have agreed that they will make every effort to settle all disputes between the Vibatrade and the Client related to transactions, payouts and other actions hereunder by means of negotiations.

5.2If a dispute arises, the Client may submit a claim/complaint to the Vibatrade and send a statement or notice to the Vibatrade. All claims/complaints/statements/ notices related to transactions performed by the Client must be submitted in accordance with the following requirements:

  • 5.2.1claims/complaints/statements/notices must be submitted in writing;
  • 5.2.2claims/complaints/statements/notices must contain the following information: Surname, first name, middle name (if any), Client's e-mail, Client's Account Number, date and time of the dispute, brief description of the dispute, Client's demands; claimed amount and justified calculation thereof (if the claim can be valued in money); circumstances that are the grounds for the claim and evidence supporting those circumstances, including reference to the clause of this Agreement (annexes hereto) that were breached in the Client's opinion; a list of documents and other evidence attached to the claim (complaint) authenticated by the Client; other information necessary to settle the dispute;
  • 5.2.3claims/complaints/statements/notices must be sent by the Client within five (5) business days after the event that was the basis for submission of the relevant claim (complaint). The Client agrees that a delay in submission of the claim (complaint) is grounds for refusal to consider it;
  • 5.2.4claims/complaints/statements/notices may be sent by e-mail to support@v ibatrade.com, by registered or certified mail. Claims/ complaints/statements/notices made and sent in another form will not be considered.

5.3Claims/complaints/statements/notices must not contain:

  • 5.3.1an emotional evaluation of the dispute;
  • 5.3.2offensive statements addressed to the Vibatrade;
  • 5.3.3profanity.

5.4To respond to a claim/complaint/statement/notice, the Vibatrade may request additional documents and information from the Client. A claim/complaint/statement/ notice will be reviewed on the basis of data provided by the Client and log entries from the Vibatrade server. Log entries from the Vibatrade Server always prevail over other evidence and proof. The Vibatrade assumes no liability for incomplete trades and will not compensate any financial damages or moral harm suffered by the Client with respect to what the Client considers to be lost profit. When considering disputes, the Client's references to information from other companies and websites are not considered.

5.5The Vibatrade may reject a claim/complaint/statement/notice if the terms of this section are violated.

5.6The Vibatrade must consider a claim/complaint/application/appeal within no more than 10 working days after the submission date. This term does not include time for provision of additional documents by the Client upon the Vibatrade's request.

5.7In addition to provision set forth in clauses 5.2.-5.6. of the dispute resolution procedure, the Client may file a claim to a court, provided that he/she has first submitted the claim to the Vibatrade in accordance with this dispute resolution procedure. The claim procedure for dispute resolution will be deemed followed if: a) the form and content of the claim meet the requirements of clauses 5.2.1., 5.2.2., and 5.2.3.; b) the claim is sent to the Vibatrade's registration address by registered or certified mail; c) the Client has a confirmation of claim receipt by the Vibatrade; d) the deadline for responding to the claim has expired. Claim response time – sixty (60) calendar days after it is received by the Vibatrade.

5.8In case of any disputes, the Vibatrade reserves the right to fully or partially block transactions in the Client's Account until the dispute is settled or until the Parties come to an interim agreement.

6. Governing Law

6.1The Client expressly:

  • 6.1.1agrees that the courts of the country of the Vibatrade's registration have exclusive jurisdiction to conduct any legal proceedings with respect to this Agreement;
  • 6.1.2submits to the jurisdiction of the courts of the country of the Vibatrade's registration;
  • 6.1.3waives any appeals with respect to proceedings in any of such courts;
  • 6.1.4agrees to make no claims regarding trial's location as non-convenient and not to declare that the trial's location state has no legal jurisdiction over the Client.

7. Force Majeure

7.1If the Vibatrade has sufficient grounds, it may claim force majeure events. Force majeure events include (without limitation):

  • 7.1.1any action, event or occurrence (including, but not limited to, any strike, riots or civil strife, terrorist acts, wars, natural disasters, accidents, fires, floods, storms, power outages, interruptions in the operation of communication equipment, software or electronic equipment, incorrect operation of any kind of equipment or software, the instability in the quote stream, interruptions in the operation of or the instability of liquidity providers, etc.), which, in the Vibatrade's reasonable opinion, led to the destabilization of the market or the markets for one or more assets (instruments);
  • 7.1.2the suspension of work, the liquidation or closure of any market or the absence of any event on which the Vibatrade bases quotes, or the imposition of restrictions or special or non-standard terms of trade in any market, or in respect of any such event.

7.2If the Vibatrade has established that a force majeure event occurred, the Vibatrade has the right (without prejudice to the Vibatrade's other rights) to take any of the following steps without prior written notification and at any time: a) cancel any or all trades the result of which is directly or indirectly caused by force majeure; (b) suspend or amend the application of one or all provisions of the Agreement as long as the force majeure event makes it impossible for the Vibatrade to comply with these provisions; c) take or, on the contrary, not take any action in respect of the Vibatrade, the Client or other clients, if the Vibatrade reasonably deems it appropriate under the circumstances.

7.3The Vibatrade assumes no liability for breach (improper discharge) of obligations if force majeure events interfered with that discharge.

8. Liability of the Parties

8.1The liability of the Parties to this Agreement is determined by the terms of the Agreement and its annexes.

8.2The Vibatrade assumes liability only for real damages caused to the Client as a result of the Vibatrade's deliberate breach of its obligations hereunder. The Vibatrade is as responsible for the actions of its representatives, departments, and payment agents as it is for its own actions.

8.3The Client assumes liability to the Vibatrade for losses incurred by the Vibatrade for which the Client is responsible, including:

  • 8.3.1for damage caused as a result of the Client's failure to provide (or late provision) of any documents that must be provided to the Vibatrade under this Agreement and its annexes and for damage caused to Vibatrade because of any misstatement of information contained in documents provided by the Client;
  • 8.3.2for damage caused to the Vibatrade because of abuse of services provided by the Vibatrade to the Client, including damage (losses) caused to the Vibatrade by the use of robotic and automated transaction algorithms and/or special software tools and other tools, devices, methods and techniques that facilitate or contribute to the violation of the principle of integrity, honesty and fairness in the execution of transactions;
  • 8.3.3for damage caused by the Client as a result of the actions coordinated with other clients of the Vibatrade and/or affiliates of the Client aimed at causing the Vibatrade losses and for other damage caused to the Vibatrade by the Client from the use of other unfair and dishonest methods and techniques for making trades (transactions) with the Vibatrade, including using bonuses. In any situation "Client affiliates" means persons in a kinship relationship of any degree; marital, partnership, or other relationships; residing at the same address as the person; persons using the same devices; persons engaged as a Vibatrade Client by the same partner or Client of the Vibatrade; and persons engaged in any joint activity with or without the formation of a legal entity. The Vibatrade reserves the right to expand the list of situations and attributes in which the Client and third parties may be recognized as affiliated;
  • 8.3.4if there is sufficient evidence to suggest that the Client unlawfully attempted to use the software provided by the Vibatrade and the funds transferred to the Vibatrade's account;
  • 8.3.5for damage caused to the Vibatrade as a result of extracting income from the use of the technical features of the quote stream update on the trading terminal and of extracting income from the use of software errors and vulnerabilities in the trading terminal;
  • 8.3.6for damage caused to the Vibatrade by the Client's use of insider, confidential, or other information that provided the Client with any kind of advantages in concluding trades with the Vibatrade. The Vibatrade has the right to debit these losses from the Client's account and/or the accounts of other persons (if it is established that these accounts belong to the Client (or the Client's accomplices) using the Vibatrade's technical and other equipment and tools). The Vibatrade also has the right to block the further transactions on the trading terminal and the dashboard for Clients in respect to whom the Vibatrade has sufficient grounds and suspicions to classify their actions (including joint actions with other Client's) as aimed at causing damage to the Vibatrade and to debit the funds from the Client's account in favor of the Vibatrade.

8.4If the Client breaches this Agreement, the Vibatrade may, at its option:

  • 8.4.1Review the amount of the Vibatrade's financial obligations to the Client and make changes to the data (balance) of the Client's Account.
  • 8.4.2Suspend services to the Client, block access to the trading terminal. Should the Vibatrade block the Client's access to the trading terminal, the Client must take all necessary and reasonable steps to remedy the reasons why access to the trading terminal was blocked. If the Client does not take any measures or actions to address the reasons why access was blocked within 30 (thirty) days, the Vibatrade may withdraw all funds from the trading account. The Vibatrade has a right but is not obliged to redeposit all funds that were withdrawn into the Client's trading account if the Client satisfies all the requirements needed to lift the block on the trading account.

8.5If the Client breaches any terms of the Agreement and its integral parts listed in clause 1.2, including refusal to undergo the necessary checks and refusal to provide the necessary information, the Vibatrade has the right to terminate the Agreement; to void any Client transaction; to close one, several, or all Client trades at any time, at its own discretion; and to stop rendering services to the Client and return funds to the Client or not at its discretion. Any violation of the terms listed in this section, deprives the Customer the right to demand payment or refund from the Vibatrade.

  • 8.5.1If the Vibatrade terminates the Agreement with the Client for breach of the Agreement, the Client has no right to open a new account, including by entering third party data during the registration. If the Vibatrade detects the Client's breach as set forth in this clause, the consequences stipulated in the section 8.5 of the Agreement will apply.

8.6The Vibatrade assumes no liability to the Client for any damages, losses, lost profit, lost opportunities (without limitations, due to possible market fluctuations), expenses or damages incurred by the Client as a result of the execution of trades pursuant to the terms of the Agreement.

8.7The Vibatrade assumes no liability in case of a discrepancy between the information represented on the Client's trading terminal and the information on the Vibatrade Server when the financial result of the Client's trades is determined. To eliminate such discrepancy, the Vibatrade will adjust the data on the trading terminal in accordance with the information available on the Vibatrade Server.

8.8The Vibatrade assumes no liability for the Client's damages if those damages resulted from hacker attacks, accidents (failures) of computer networks, communication networks, power lines or telecommunication systems, etc., directly used to determine essential conditions of the Client's transactions or ensure other Vibatrade operating procedures that occurred through no fault of the Vibatrade.

8.9The Vibatrade assumes no liability for technical failures and/or interruptions in trading terminal operation that occurred as a result of hacker attacks, accidents (failures) of computer networks, communication networks, power lines or telecommunication systems, etc., or for the Client's losses resulting from such failure and/or interruption.

8.10The Vibatrade assumes no liability for the results of trades that the Client decided to make on the basis of analytical materials provided by the Vibatrade and/ or third parties. The Client has been informed that transactions made hereunder bear the risk of not receiving the expected income and the risk of loss of some or all of the money deposited by him/her in the Client's Account. The Client acknowledges that unless there is fraud, deliberate breach of obligations or gross negligence on the part of the Vibatrade, the Vibatrade will not be liable for any losses, expenses, costs and damages of the Client resulting from inaccuracy of information provided to the Client, including, but not limited to, information about the Client's trading transactions. The Vibatrade reserves the right to cancel or close any Client trade under the conditions set forth in this Agreement; nevertheless, all transactions made by the Client as a result of this inaccurate information or an error remain in force and must be fulfilled both by the Client and the Vibatrade.

8.11The Vibatrade assumes no liability for any losses the Client may suffer in case of theft, loss or disclosure of his/her password to the trading terminal to third parties. The Client assumes full responsibility for protecting the password and safeguarding it against unauthorized third-party access.

8.12The Vibatrade assumes no liability for breach (improper discharge) of the obligations hereunder if it was caused by force majeure events or other exceptional conditions stated in the Agreement or appendices to the Agreement.

8.13The Vibatrade assumes no liability for any indirect, special, arbitrary, or punitive damages suffered by the Client, including, but not limited to, lost profit, loss of expected savings or loss of income, even if the Client was informed by the Vibatrade about the possibility of such damages. Moral harm is not compensated.

8.14The Vibatrade reserves the right to consider the Clients breaches at any time, regardless of the time when the breach was made, and, if breaches are discovered, to take measures in accordance with this Agreement.

9. Term and Termination of the Agreement

9.1This Agreement comes into force upon its conclusion (client registration on the website or on the Vibatrade's trading terminal) and is valid sine die.

9.2Either Party may terminate this Agreement unilaterally:

  • 9.2.1The Agreement is terminated on the initiative of the Vibatrade as of the date specified in the notice sent by the Vibatrade to the Client;
  • 9.2.2The Agreement is terminated at the initiative of the Client in five (5) business days after the Vibatrade receives the Client's written notice containing the statement of termination of the Agreement, provided the Client has no unfulfilled obligations hereunder. The Client must send the Termination Notification to the Vibatrade's address provided in clause 1.1 of this Agreement, or to the email address support@vibatrade.com.

9.3This Agreement is considered terminated with respect to the Parties when the mutual obligations of the Client and of the Vibatrade with respect to previously made transactions are fulfilled and all debts of each Party are repaid.

10.  Final Provisions

10.1Amendments and additions to this Agreement and to the annexes hereto are made by the Vibatrade unilaterally. All amendments and additions made by the Vibatrade and not related to the circumstances specified herein come into force on the date specified by the Vibatrade.

10.2Amendments and additions made by the Vibatrade to this Agreement and to its annexes because of amendments to legislation and regulations governing the subject hereof and to rules and contracts of trading systems used by the Vibatrade to discharge its obligations hereunder come into force simultaneously with amendments in the aforementioned documents.

10.3When the amendments and supplements made by the Vibatrade come into force, they will apply equally to all Clients, including those who concluded the Agreement before their effective date.

10.4To ensure that a Client who entered into the Agreement is aware of amendments and additions, the Client must visit the Vibatrade's Website or the trading platform him/herself or through authorized persons at least once a week to find information about any amendments and/or additions.

10.5The Client (individual) providing his/her personal data to the Vibatrade in any form and in any way (when performing any actions on the Vibatrade's website, through the Vibatrade's counterparties, etc.) thereby gives the Vibatrade and its partners his/her consent for automated and non-automated processing of his/her personal data for the purpose of the fulfillment of this Agreement, the implementation of advertising campaigns, provision to him/her of advertising, informational, and marketing materials, information about campaigns and events held by the Vibatrade, and for other purposes determined by the Vibatrade, namely: to collect, record, systematize, accumulate, store, adjust (update, amend), extract, transfer (disseminate, grant access), depersonalize, block, delete, destroy and transfer across borders personal data. Consent is given for a period of 75 years (or until expiry of the retention periods for the relevant information or documents containing that information determined in accordance with the current legislation of the Vibatrade's location). Consent may be withdrawn in accordance with Privacy policy. The Vibatrade guarantees the confidentiality of the personal data provided by the Client, excluding the circumstances set by the applicable law and force majeure.

10.6The Client may use information that was provided to the Client either orally or in writing that is posted by the Vibatrade or by third parties, access to which was granted to him/her as part of the services hereunder only for transactions under this Agreement. The Client may not disseminate, alter, or supplement the aforementioned information, or store it in separate archives. In any event, the scope of powers granted to the Client with respect to information posted by third parties cannot exceed the scope of powers obtained by the Vibatrade from the third party. The Vibatrade does not guarantee that information posted by third parties is reliable, accurate, or relevant and is provided on an ongoing basis without interruptions. Nor is the Vibatrade liable for the results of transactions (losses, lost profit, lost income, injury to goodwill, etc.) that the Client decided to perform on the basis of information that was communicated to the Client either orally or in writing by the Vibatrade or by third parties.

10.7The Vibatrade may fully or partially transfer the rights and obligations under this Agreement and the annexes hereto to a third party if such person undertakes to fulfill the terms hereof. This transfer of rights and obligations does not require prior notification of the Client by the Vibatrade and shall be made at the time the adequate information is published on the Vibatrade's website.

10.8The Client is not entitled to assign his/her own rights, impose his/her own obligations or transfer rights or obligations hereunder in any other way without prior written consent of the Vibatrade. If this condition is breached, any such assignment, imposition or transfer will be deemed null and void.

10.9The Vibatrade, its partners or any other affiliates may have a material benefit, legal relation or arrangement with respect to a transaction on the trading platform or in the Dashboard or a material benefit, legal relation or arrangement that is in conflict with the Client's interests. For example, the Vibatrade may: a) act as a counterparty with respect to any asset; b) suggest another partner of the Vibatrade as a counterparty for a trading operation; c) give recommendations and render services to its partners or other clients of the Vibatrade with respect to assets they are interested in, despite the fact that this is in conflict with the Client's interests.

10.10The Client agrees and authorizes the Vibatrade to act with respect to the Client and for the Client as the Vibatrade finds appropriate, despite a potential conflict of interests or the existence of some material interest with respect to any transaction on the trading terminal or in the Dashboard without prior notification of the Client. The existence of a conflict of interest or material benefit with respect to any transaction on the trading terminal or in the Dashboard must not affect the provision of services to the Client by Vibatrade employees. From time to time the Vibatrade may act on behalf of the Client with parties with whom the Vibatrade or any of its related parties have an agreement to receive goods or services. The Vibatrade guarantees that these agreements are made as far as possible for the benefit of the Client, for example, these agreements make it possible to access information and other services that would otherwise be inaccessible.

10.11If a court of proper jurisdiction declares any provision of the Agreement (or any part of any provision) void, that provision will be treated as a separate part of the Agreement and this will not affect the legal force of the rest of the Agreement.

10.12The Vibatrade may suspend services to the Client at any time (prior notice to the Client is not required).

10.13In situations not described in the Agreement, the Vibatrade will act according to market best practices based on principles of honesty and fairness.

10.14The Vibatrade may prepare and use texts of the Agreement and its annexes in languages other than English. If there are contradictions between the text of this Agreement and its annexes in English and the corresponding texts in other languages, the text in English will prevail. The text of the Agreement published on the Vibatrade website prevails over the text of the Agreement published elsewhere.

10.15The Client is granted a limited and non-exclusive right to use the Trading Terminal only for the purposes stipulated in this Agreement. If the Agreement is terminated on any grounds, the Client's rights to use the Trading Terminal stipulated in this clause shall be terminated at the moment of the termination of the Agreement.

10.16The Client agrees that the Vibatrade cannot guarantee continuous uninterrupted and technically sound operation of the Trading Terminal, and therefore the Client accepts this software as is. The Vibatrade assumes no liability to the Client for technical failures in Trading Terminal operation.

10.17All terms used in this Agreement and its integral parts, whether they are in uppercase or lowercase characters, shall be of equal importance, unless otherwise follows from the essence of the obligation.

11.  List of Countries in which the Vibatrade Does Not Do Business

11.1The Vibatrade does not do business in the following countries and does not provide services to persons associated with those states: Gibraltar, the Isle of man, Guernsey, Jersey, Australia, Canada, the United States, Japan, Austria, Belgium, Bulgaria, Croatia, Cyprus, Lichtenstein, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Iceland, Italy, Israel, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Norway, New Zealand, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Switzerland, Sweden, Islamic Republic of Iran and United Kingdom;

11.2Persons associated with a country are defined as persons:

  • 11.2.1having citizenship, a residence visa, or other similar document from a country in which the Vibatrade does not do business;
  • 11.2.2residing in a country in which the Vibatrade does not do business, being a resident of a country in which the Vibatrade does not do business or having mailing addresses or residence addresses in a country in which the Vibatrade does not do business;
  • 11.2.3whose places of birth are countries in which the Vibatrade does not do business;
  • 11.2.4having a telephone number with the country code of a country in which the Vibatrade does not do business; having an IP address associated with a country in which the Vibatrade does not do business;
  • 11.2.5having another connection with a country in which the Vibatrade does not do business as defined by the Vibatrade at its discretion.

11.3If it is found that the Vibatrade is providing services to persons associated with the countries in which the Vibatrade does not do business, the Vibatrade may apply the consequences listed in clause 8.5 of the Agreement.