Terms&Conditions
This Agreement is concluded between the two parties to establish cooperation between them on the basis of the provisions described below. The individual who expresses his/her sole desire to open a trading account and sign this document is the first party and hereafter can be named “Trader”, “Client”, “Investor”, and “Customer”.
The second party to the Agreement is OrbiMount broker, which is ready to provide the space to the first party for creating a trading account and further use of its services; hereafter can be named “Company” and “Platform”. The Agreement is signed by both parties and from that moment is considered mandatory for execution, indicating the relevance of each clause, standard, and practice outlined in it. By signing, the Client also confirms that each provision of this Agreement has been read and understood. The Client is responsible for the implementation of the rules described below until the end of cooperation. The Company has the right to refuse the Client services if the latter has expressed his/her disagreement with at least one provision of the Agreement.
Each Client wishing to join the Company must meet the age criterion (be over 18 years old). Otherwise, he/she will be denied opening a trading account. The Client undertakes to provide documents confirming age. If an account is opened with false documents and it turns out that the Client has not yet reached the age of majority, the Company has the right to deactivate or liquidate the account and any type of assistance will be terminated.
Use of the Platform
The Trader has the obligation to independently read and familiarize himself/herself with all the provisions of the terms and conditions, including their prerequisites and additions and confirm their full understanding.
The Trader receives the full right to use all provided services of the Platform together with a full access to its pages on official website and published data.
If the Company deems it necessary to change the Terms of Use of the site, this is its legal right, as well as changing the account level, if such changes are made for reasonable grounds and will benefit the interests of the Trader.
Any changes to the information published on the website do not require Trader’s approval and are carried out at the discretion of the Company itself.
The terms and conditions with their prerequisites and additions are binding on Trader from the moment of full familiarization with them.
All terms and conditions published on the official website are considered mandatory from this moment. If the Trader does not agree with any provision, he/she is obliged to inform the Company about it in order to create an exception. If there was no such statement, then all points of the provision automatically become obligatory for him/her.
The Trader has the right to use the Platform’s services but any other implementation of external update methods or AI robots for operations or their analysis is prohibited.
Rules of Know Your Customer (KYC)
The Customer’s information includes personal, financial and any other data related to his/her trading account. All these details are protected by the Company through the use of high-tech procedures; the latter also undertakes not to transfer such information to third parties.
All electronic records of the Customer about the transactions carried out by him/her are encrypted and protected by highly innovative protocols.
From the moment of opening a trading account and signing this Agreement, the Company, in accordance with its rules, grants the Customer a confidential status.
Fundamental Conditions of KYC
The rules establish a list of documents that the Customer is obliged to share with the Company to confirm compliance with KYC. Among them are:
a) one of the documents confirming the identity of the Customer which may be in the form of an ID card, driver’s license, or passport.
b) one of the documents confirming the address of the residence of the Customer which cannot be older than 3 months from the date of its issue until it is presented to the Company.
The Customer should ensure that the mentioned documents are submitted as colour-scanned copies.
Rules of Anti-Money Laundering (AML)
The Company takes proactive measures to combat money laundering and financing of terrorism by employing advanced and effective security protocols, thereby ensuring a secure environment.
In accordance with our Policy, the Company implements systematic procedures to identify and prevent any activities related to money laundering and terrorism financing.
The Company reserves the right to halt any transactions initiated by the Trader, whether new or ongoing if there is suspicion of illegal activities related to money laundering or terrorism financing.
The Company’s KYC and AML regulations mandate the collection of necessary documents for verifying the Trader’s identity, making this process compulsory. Partnership with the Trader cannot be established if there is disagreement with this aspect of the Agreement.
Under AML regulations, the Trader is prohibited from transferring funds to third parties.
The names on the Trader’s account and the bank or wallet account must match for deposits or withdrawals to be processed.
According to Company policy, the Trader is permitted only one active account on the Platform. Any additional accounts under the same name will be deactivated and will not be able to receive funds.
Website Access
The Company’s articles of incorporation and divisions are legally protected from being used for purposes other than those outlined in the Company’s Policy by any individual or entity, irrespective of jurisdiction.
Sensitive data, services, and properties of the Company are restricted from use by individuals or entities across all jurisdictions.
The Company’s terms and conditions safeguard its rights and reputation; therefore, Investors should not disclose any restricted data to the Company.
Limitation of Liability
The Company holds no responsibility for any losses incurred by the Trader due to the rightful or wrongful use of the Platform’s features, including incidental, extraordinary, direct, or consequential losses.
The Company is not liable for financial losses incurred by the Trader due to industry changes, currency fluctuations, government actions, market volatility, or improper use of services.
The Company will not be held liable for any other losses that the Client incurred, which the Company was aware of in advance, and which the Client has expressly waived responsibility for.
Intellectual Property
All materials from the Company’s online presence, including web pages, graphics, and posted data, are protected by the Company’s copyright.
Customer Agreement
This Agreement is a legally binding contract between two parties: OrbiMount, hereafter can be named “Company” or “Platform”, and the individual client, hereafter can be named “Trader”, “Client”, “Investor”, and “Customer.” The Client, by opening a trading account on the Platform, acknowledges and agrees to the terms and conditions outlined herein. The Company, in turn, commits to providing assistance and support to the Client as stipulated in this Agreement.
Introduction
The Company and the Client are the principal parties to this Agreement and are each bound by its provisions.
The Company is the sole entity with the authority to amend this Agreement, in accordance with the principles outlined on its official website. This includes, but is not limited to, modifications regarding order placements and trading activities.
Prior to using the services offered by the Platform in any capacity, the Client must undergo a verification process. This process includes submitting scans of personal identification documents, in line with the terms and conditions established by the Company.
If the Client fails to provide the required personal information or complete the verification process, their trading account will be deactivated and closed by the Company.
The Company reserves the right to deny account creation, even if the Client has successfully completed the verification process.
Opening a Trading Account
To open a trading account on the Platform, the Trader must complete the following steps:
a) fill out the registration form with the requested details as provided by the Company;
b) after the account registration is approved, the Client must deposit funds into the account using any of the available payment methods listed on the Platform.
The Client’s account activity is confirmed by the successful completion of these steps: filling out the registration form, making a deposit, and receiving official approval from the Company.
Investment
The Customer is free to transfer any amount of funds to the Company’s account according to their individual investment goals.
The minimum deposit required by the Company is 200, which can be transferred via various payment methods available on the Platform, including credit/debit/prepaid cards, bank transfers, and wallet-to-wallet transfers.
The list of acceptable payment methods may be adjusted by the Company, which has the discretion to add or remove options.
Payment Policies and Methods
The Company will only credit a deposit to the Client’s account once the Client has provided valid proof of payment.
The Company reserves the right to change the available payment methods for both deposits and withdrawals, subject to legal requirements.
The initial deposit amount may fluctuate due to currency exchange rate variations or additional fees. The Company will inform the Client of these changes as they occur. This includes any discrepancies between the trading account currency and the currency of the Client’s bank card.
By opening a trading account, the Client agrees to monitor and adhere to any changes in exchange rates and financial market conditions.
As stipulated by the Company’s Anti-Money Laundering (AML) policy, the Client may not send funds to bank accounts under a different name or from a country other than their country of residence. All account details must match those provided during the registration process.
The Client must retain a proof of payment, such as a transfer receipt or SWIFT confirmation, to submit to the Company upon request. Failure to provide this evidence may result in a refusal to process the deposit or withdrawal.
All deposits and withdrawals must be made using the same payment method.
The Company employs robust security measures to ensure the safety and confidentiality of the Client’s personal information during financial transactions. All data is encrypted and handled securely.
The Company is not liable for any financial loss or data breach resulting from the Client’s actions, such as using unsecured networks, neglecting password security, or clicking on untrustworthy links.
The following payment methods are available on the Platform for the Client:
a) credit/debit/prepaid cards;
b) bank transfers;
c) wallet-to-wallet transfers.
Fees and Charges
Transactions may incur certain fees as outlined by the Company. These charges, including service fees, transfer fees, and others, will be disclosed in advance or outlined in a separate agreement between the parties. These fees will be deducted from the Investor’s account. The Client may contact the Support Team for information regarding any changes to fees and charges.
Fees such as markups, discounts, and supply/demand ratios may apply to payments for services provided by the Company. Once a payment is processed, the relevant fees will be charged to the Investor’s account, regardless of the payment method. The Company reserves the right to modify these terms, increasing or reducing fees as needed. By opening an account, the Investor agrees to pay the specified fees and accept any changes to these terms. Such changes will occur in response to market conditions, asset price fluctuations, or other factors.
The Investor may also receive a variety of economic services from the Company, including pricing, bonuses, discounts, and promotional offers, all governed by the Company’s internal policies. The Company retains the right to alter the terms and conditions of commission payments.
The Company reserves the right to impose additional charges on the Investor for future transactions.
If the Investor keeps their trading positions open after market hours, they will be subject to the Company’s fixed swap fees, which may become a regular charge upon agreement.
The Company may revise its fees and commissions at its discretion, but will notify the Investor of any such changes in advance.
Bonus Policy
Upon opening an account, the Customer agrees to the terms of the Company’s bonus program, which includes eligibility for bonuses and promotional offers.
The Customer may opt not to participate in the bonus program, but this will not affect their account or relationship with the Company.
The Company may offer various promotions, bonuses, and incentives, tailored to the needs of individual Customers. Before utilizing any bonuses or promotional offers, the Customer must read and understand the associated terms and conditions. The Customer is bound by these terms until the promotion expires.
To fully benefit from bonuses, the Customer must possess the necessary knowledge and experience. Failure to do so may result in financial losses, whether related to the bonus or the Customer’s personal funds. CFD trading carries inherent risks and may result in the loss of bonus funds.
Bonus transactions with third parties are prohibited. Bonuses are awarded to the Customer based on specific criteria, and the associated terms must be adhered to.
The currency of any bonuses or promotional funds must match the currency of the Customer’s trading account.
Bonuses and promotions are subject to expiration and other terms set by the Company. The Customer may opt to decline a bonus, in which case the Company will discontinue the offer. The Customer may not alter the bonus terms without the Company’s consent.
In the event that the Customer violates the Company’s bonus terms or is suspected of doing so, the Company reserves the right to withdraw the bonus or close the Customer’s trading account, treating this as a breach of the Agreement.
To withdraw funds from a Bonus Account, the Customer must either meet the minimum trading volume requirement (7 times the bonus amount in lots) or repay the bonus via a personal account transfer.
If the Customer repays the bonus amount, turnover agreements may be changed.
Contract for Difference (CFD) Trading Platform
Market Influence
CFD trading focuses on speculating asset price movements. Instead of owning the asset, investors hold a contract based on its value. The primary concern for investors is market prices; they aim to sell when prices peak. Asset prices and CFDs are interconnected, influenced by market trends, regulations, and economic factors. Such shifts can significantly impact potential profits or losses, so investors must stay vigilant. If investors wish to avoid losses from falling asset values, they can request a margin adjustment from their provider. However, if margin requirements aren’t met, the platform may close positions, leaving investors to address any resulting financial impacts.
Liquidity and Price Fluctuations
Market conditions largely dictate asset pricing. They can shift rapidly, affecting potential profits or losses. When an underlying asset isn’t active in the market, a trader’s CFD might be undervalued. In such cases, maintaining ownership requires an additional margin payment. Traders can opt to terminate contracts without paying the margin, though this reduces CFD value. Market volatility can lead to significant CFD value changes. Traders should be aware of these risks and communicate concerns with their provider.
Summary
The platform offers analytical tools to help customers assess potential CFD trading outcomes. Tools like the Stop Loss marker can automatically close contracts at predetermined prices. However, even with minimal investment and analytical support, there’s no assurance of set profits or protection against losses. Conditions should be carefully analysed, especially when trading on margin. A 1:3 loss-to-profit ratio is generally favourable, though actual outcomes may vary.
Indemnities
Clients agree to understand and adhere to the Agreement’s terms, collaborating with the Company’s representatives. Clients bear responsibility for losses arising from non-compliance. The Company reserves the right to charge client accounts if obligations to its staff or executives are unmet. Transactions with the Company indicate mutual cooperation and service provision.
The primary communication language is English, though changes can be mutually agreed upon. The Company can modify the Agreement without client consent, posting it online for transparency.
The English version prevails in case of translation discrepancies. Clients may contact support for clarifications, with the Company responding within 7-10 business days, considering factors like transaction history and personal data.
Clients must provide relevant information for application reviews. The Company retains the right to charge accounts regardless of activity status and may limit account access if the Agreement term concludes.