Terms and Conditions

 

Please carefully review the following terms and conditions. By accessing this website and its pages, you acknowledge and agree to be bound by these Terms of Use. If you do not agree to these terms, please refrain from accessing the website. ElenoxOne reserves the right to modify these Terms of Use, and it is your responsibility to regularly review them. Your continued use of the website signifies your acceptance of any updated terms or changes.

GENERAL PROVISIONS

This License Agreement (referred to as the “Agreement”) is a legally binding contract between ElenoxOne, represented by its Affiliated Partners (referred to as the “Company”), and any individual or legal entity (referred to as the “Client”). This Agreement is an essential component of the public documents package that governs the provision of services by the Company to its Clients, including financial and informational services.

By selecting the services of the Company or engaging in any form of interaction with the Company, the Client fully acknowledges and accepts all the terms and conditions outlined in the publicly proclaimed documents. If the Client disagrees with any article, section, or part of any public document issued by the Company (including but not limited to the terms of information usage provided by the Company), the Client must immediately discontinue any further interaction with the Company.

This Agreement governs the rights and responsibilities of the involved parties (the Company, the Clients, and third parties) that arise when information materials of any kind or format, published by the Company on its official website (www.elenoxone.com), are transferred, broadcasted, or published in any other manner. This includes information published on other internet sites owned by the Company or its Affiliated Partners, as well as economic news that is broadcasted through client terminals, among other channels.

According to this Agreement, legal entities or individuals who receive information from the Company’s web server (site) located at the mentioned address, or the Company’s trading server, and utilize the information in any manner, are defined as information users.

This Agreement applies to information published on the Company’s web server (site) as well as information that is broadcasted, disseminated, or published through other information channels or reproduced on various information carriers, including hard copies (paper).

Other regulations, legal provisions, and public documents may be applicable to specific types of information. These regulations and documents include, but are not limited to:

• The Company’s logo is a registered trademark and is safeguarded by relevant legislation, specifically the International Trademark Law.
• The copyright of materials published on the Company’s web server by third parties is protected by the legislation of the authors’ countries of citizenship and international laws.
• The copyright of materials published on the Company’s web server (site) by the Company itself, under its own name, is protected by international laws.
• The Company does not accept clients from countries that are subject to sanctions as outlined by regulatory bodies such as the Office of Foreign Assets Control (OFAC), Financial Action Task Force (FATF), United Nations (UN), and other sanction lists.

KEY DEFINITIONS IN THIS AGREEMENT

The terminology used in this Agreement is defined as follows, unless otherwise specified within this Agreement:

• Account: Refers to transaction accounts that the Company may establish for the Client on its systems, enabling the Client to engage in the trading of FX (Foreign Exchange) or CFDs (Contracts for Difference), as defined below.
• The Agreement between the Client and the Company encompasses the following documents available on the Website: (a) Privacy Policy, and (b) any additional provisions that the Company may periodically publish on its Website(s).
• ElenoxOne is the owner and operator of this website.
• Ask: Refers to the lowest price at which a seller is willing to sell a contract.
• Balance: Represents the total sum on the Client’s Account after the most recent transaction made within any given period of time.
• Base currency: Refers to the first currency in a currency pair.
• Bid: Represents the highest price that a buyer is willing to pay for a contract.
• Business Day: Refers to any day except for Saturdays, Sundays, December 25th, and January 1st.
• CFDs: Stands for Contracts for Difference, which are spot and/or forward contracts involving Metals, Commodities, Futures, Options, Forwards, Stocks, or Indices.
• Client Application Form: Refers to the application form completed by the Client to apply for the Services. This form enables the Company to gather necessary information for identification, due diligence, and categorization in compliance with international practices on know-your-client and anti-money laundering.
• Contract Specifications: Encompasses each lot size or type of underlying in a CFD or FX offered by the Company. It includes all pertinent trading information such as spreads, swaps, margin requirements, and more, as determined by the Company and available on the Website.
• Currency of the Account: The currency that the Client chooses when opening an account with the Company or converted into at the Client’s choice after the opening the Account.
• Currency Pair: Consists of two currencies (the Quote Currency and the Base Currency) and shows how much of the quote currency is needed to purchase one unit of the Base Currency.
• FX: A contract for difference on currencies (Spot Forex).
• Group Company: A legal entity that is parent, subsidiary, or affiliated in its relationship to the Company.
• Login Details: The Client’s access login and password provided to the Client by the Company in order to have access to the Online Trading System and/or the Website.
• Login Data: The Login Details, the Account number and any information required to place Orders with the Company in any manner.
• Liquidity Providers: A third party to which the Company shall receive and transmit the order of the Client always acting as agent of the Client.
• Leverage: A ratio in respect of Transaction Size and Initial Margin. 1:100 ratio means that in order to open a position, the Initial Margin is one hundred times less than the Transactions Size.
• Margin: The necessary guaranteed funds to open positions or to maintain Open Positions, as determined in the Contract Specifications for each underlying in an FX or CFD.
• Online Trading System: Any Software or platform used by the Company which includes the aggregate of computer devices, software, databases, telecommunication hardware, trading platform(s), making it possible for the Client to obtain information of markets in real-time, make technical analysis on the markets, enter into Transactions, place/modify/delete orders, receive notices from the Company and keep records of Transactions.
• Open Position: A Deal of purchase/sale not covered by the opposite sale/purchase of the contract.
• Order: An instruction by the Client to the Company.
• Parties: The parties to this Agreement.
• Pending order: Order for Buy or Sell at a price different from the market price.
• Quote: The Bid and Ask prices of a CFD or FX Currency Pair.
• Quote Currency: The second currency in the Currency Pair.
• Rules: Laws, articles, regulations, directives, procedures and customs as in force from time to time.
• Services: The services provided by the Company under this Agreement.
• Spread: means an indicative spread that reflects the difference between the lower and the higher figures of a quoted two-way price for a market, the difference may deviate from what is customary to the market.
• Stop Out: The situation when the Client’s equity divided by balance falls below the stop out level specified for the Client’s account type where the Company will close some or all of the Client’s Open Positions at the current market price or the last available price in order to bring the Client’s equity divided by balance above the stop out level specified by the Client’s account type.
• Swap or Rollover: The interest added or deducted for holding a position open overnight.
• Swap Rates: The rate of the fixed portion of a swap, at which the swap will occur for one of the parties entering into a Financial Instrument.
• Trade Confirmation: A message from the Company to the Client confirming the transmission for execution of the Order.
• Transaction: An executed Order.
• The Company: ElenoxOne.
• Website:www.elenoxone.com or any other website of the Company’s trade names

The Client agrees to pay the Company on demand such sums by way of margin as are required from time to time under the Rules of any relevant Market (if applicable) or as the Company may in its discretion reasonably require for the purpose of protecting itself against loss or risk of loss on the present, future or contemplated transactions under this Agreement.

Unless otherwise agreed, margin must be paid in cash. Cash margin is paid to the Company as an outright transfer of funds and the Client will not retain any interest in it. The cash margin received by the Company will be used by the Company as a cash repayment obligation owed by the Company to the Client.

In addition, and without prejudice to any rights to which the Company may have under this Agreement or any Applicable Regulations, the Company shall have a general lien on all funds held by Company or its Associates or its nominees on the Client’s behalf until the satisfaction of the Client’s obligations.

The Company shall have the right, in addition to any other rights the Company may have under this Agreement, to close and/or limit the size of the Client’s open positions (new or Gross) and to refuse to establish new positions and or change trading conditions including but not limited to interest, leverage, spreads, fees. Situations, where the Company may exercise such rights, include, but are not limited to, where:

1. a) The Company considers that there are abnormal trading conditions; or
2. b) The Account has reached Stop out level.

If the Margin level is equal to or less than the Stop out level of the Client’s account type, some or all positions are automatically closed at market price, until the point where the client’s margin level is above the Stop out level of the Client’s account type.

If the Client’s combined exposure in one or more margin trades reaches a level which – in case of adverse market development – may lead to a significant deficit not covered by the Client’s deposits and/or margin with the Company, the Company may in its reasonable discretion, a) Increase the margin requirements and/or b) Reduce the Client’s exposure by closing one or more or all of the open positions at the current market price.

The Client understands that margin trading carries high risk and that the Client may not only achieve large profits but also incur large losses. Therefore, the Client should carefully consider whether such trading is suitable for them in light of their financial condition.

The Client represents and warrants that the information provided to the Company in the Client Application Form is complete, accurate, and not misleading in any material respect.

The Company is committed to respecting the privacy and protecting the information of its clients. Our Privacy Policy, available on our Website, outlines how we collect, use, and safeguard your personal information. By using our services, you agree to the terms set forth in our Privacy Policy.

By opening an account with the Company, the Client authorizes the Company to disclose such information to the extent required by the applicable Rules or as necessary to enable the Company to carry out its obligations under this Agreement.

The Company shall not be liable for any loss or damage, whether direct, indirect, or consequential, arising from the use of the Website or services, except in cases of gross negligence, fraud, or willful misconduct.

If any provision of this Agreement is found to be invalid or unenforceable, the remaining provisions shall continue in full force and effect.

This Agreement shall be governed by and construed in accordance with the laws of the jurisdiction in which the Company is incorporated, and any disputes arising under or in connection with this Agreement shall be subject to the exclusive jurisdiction of the courts of that jurisdiction.