1.1 Account Opening – The Client may apply for an account through the Company’s website and the Company will accept such an application creating the “Investment Account”, under the following terms: (i) the Company has received confirmation that the Client has agreed to enter into this Agreement (such confirmation can be made by clicking “Start Now” / "Register" button or link on the Company’s website, followed by a completed application form (if applicable) and all other Client information, the provision of which may be required by the Company. The Client confirms that Client’s information is full, accurate and complete. If there is a change in the information provided by the Client, the Client must notify the Company immediately.
1.2 Usage of the Trading & Investment Platform – Usage of the Platform is made through the Account by a limited license provided by the Company to the Client. The license is personal, non-transferable and is for persons who are older than 18 years old (or older legal age, if the law applicable to the Client’s jurisdictions requires a higher legal age) and subject to this Agreement. The Client will not transfer, assign, or enable others to make any use of the license, and/or give the Client’s access codes to the Investment Account to anyone. Any damage caused to the Client, the Company and any third party due to breach of this Agreement by Client, shall be under the Client’s sole responsibility.
1.3 Activation of the Investment Account – The Account will be activated by the Company as soon as the Company has identified the funds credited by the Client to the Investment Account. The Company may activate the Investment Account and permit trading/investment in the Investment Account subject to such limitations, and to the satisfaction of such further requirements as the Company may impose. Where an Investment Account is not activated or is frozen, no funds held by the Company in respect of that Investment Account may be transferred back or to any other person until the Company is satisfied that all Applicable Regulations have been complied with.
1.4 Agent Relations – The Company may act, according to the Company’s sole discretion, as principal or as agent on the Client’s behalf in relation to any Transaction entered into pursuant to the Agreement. Therefore the Company may act as the counter party to the Client’s trading/investment activity. The Client confirms that it acts as the sole principal and not as agent or trustee on behalf of someone else.
1.5 Compliance with Law – The Client hereby represents and warrants that his engagement with the Company in this Agreement and his use of the Company’s services are in full compliance with the law applicable to the Client.
2.1 Indicative Quotes – The Trading Platform enables Cryptocurrency Options trading/investment in exchange rates of different currencies, commodities, and any other financial instruments made available by the Company. The Trading Platform displays indicative quotes of exchange rates of different financial instruments pairs, based on different financial information systems, as the most updated exchange rates in the international capital markets. For determining the quotes for different time periods, the platform makes mathematical calculations according to known and accepted capital markets formulas. It is acknowledged by both Parties that due to different calculation methods and other circumstances, different trading platforms and/or markets may display different price quotes.
2.2 Predetermined Pay-out – The Client will receive a predetermined pay-out if their Cryptocurrency option transaction expires in-the-money, and he will lose a predetermined amount of his investment on the Transaction if the option expires out-of-the-money. The predetermined amounts are a derivative of the collateral invested in the transaction by the Client, and will be published on the Trading Platform. The degree to which the option is in-the-money or out-of-the-money does not matter as it does with traditional options.
2.3 Execution Authorization – The Client authorizes the Company to rely and act on any order, request, instruction or other communication given or made (or purporting to be given or made) by the Client or any person authorized on the Client’s behalf, without further inquiry on the part of the Company as to the authenticity, genuineness authority or identity of the person giving or purporting to give such order, request, instruction or other communication. The Client will be responsible for and will be bound by all obligations entered into or assumed by the Company on behalf of the Client in consequence of or in connection with such orders, requests, instructions or other communication.
2.4 Limit Parameters – The Company reserves the right, but is not obligated to the following: to set, at its absolute discretion, limits and/or parameters to control the Client’s ability to place orders or to restrict the terms on which a Transaction may be made. Such limits and/or parameters may be amended, increased, decreased, removed or added to by the Company.
2.5 Arbitrage & Malfunction Cancellation – The Company does not allow actions or non-actions by the Client or any person authorized on the Client’s behalf based on arbitrary calculations or other methods that are based on exploitation of different systems or platforms malfunction, delay, error etc. The Company is entitled, by its own discretion, to cancel any transaction that has been executed due or in connection with an error, system malfunction, breach of the Agreement by Client etc. The Company’s records will serve as decisive evidence to the correct quotes of the world capital markets and the incorrect quotes given to the Client; The Company is entitled to correct or cancel any trade based on or according to.
2.6 Cancel Feature Abuse – The Company offers a special cancellation feature that allows traders to cancel a trade within a few seconds of execution. Abuse of the cancellation feature can be considered market arbitrage and can result in forfeiture of profits. Company reserves the right to cancel a position if the cancellation feature is abused. The acceptable cancellation percentage cannot exceed 20% of the total number of executed trades. Cancelling more than 20% of the total number of executed trades is considered abuse of this feature and resulting profits may be forfeited from such abuse.
3.1 Title Transfer of Collateral – Whenever the Client transfers funds to the Company, those funds belong to the Company and will be treated as such for the purpose of securing or covering the Client’s present, future, actual, contingent or prospective obligations, subject only to any contractual obligation of the Company to pay or return money to the Client according to the terms of this Agreement. The Client will not have any proprietary claim over money transferred to the Company, and the Company can deal with these funds in its own right.
3.2 Equity Deductions & No Interest – The Funds deposited with the Company by the Client, together with any Profit or other Benefits the Client may be entitled to according to any specific agreement with the Company, shall be used as security for any Transaction, including Trading Losses, Commission and any other fee or debt owed by the Client to the Company, which will be automatically deducted from the Client’s Investment Account equity. The Client’s Funds shall not accumulate any interest or any other benefits. Trading Cryptocurrency options that relate to a reference security shall not grant the Client any right to dividends, voting, allocations or any other Benefits.
3.3 Repayment Channel – Repayment of any funds by the Company to the Client will be in the same currency and to the same wallet from which the funds were originally transferred, unless the Company has decided, by its own discretion, to return the funds to a different Client wallet address.
3.6 Anti-Money Laundering – The Client declares that all funds that they transfer to the Company do not derive from any criminal or other illegal activity and do not violate any applicable anti money laundering laws and/or regulations.
3.7 Financial Institution Delay – The Client will have no claim against the Company and will not hold the Company responsible for any delay and/or differences originating from credit companies, banks or other financial institutions, rates calculation and/or commission and/or any other debit.
3.8 Withdrawals Procedure – In the case of the Client giving an instruction to withdraw funds from their Investment Account, the Company shall pay the specified amount (less any transfer charges, if applicable) once an instruction has been accepted and if at the moment of payment, the Client’s margin requirements have been met. The withdrawal procedure takes 7 business days once Client’s documentation has been submitted and approved. The Company may cancel the Client’s withdrawal order, if, as per the Company’s discretion, the remaining funds (after withdrawal) are not sufficient to secure open Position(s) in the Investment Account.
3.9 Negative Balance Coverage – The Company shall debit the Client’s Investment Account for all payment charges. If the Client has an obligation to pay any amount to the Company which exceeds the amount held in the Client’s Investment Account, the Client shall immediately pay such amount upon the Company’s request.
3.10 No Physical Delivery – The Company shall not provide physical delivery in relation to any Transaction. As mentioned above, Profit or loss is credited to or debited to or from the Investment Account (as applicable) once the Transaction is closed.
All service charges, management commissions, withdrawal costs, and account handling fees are published transparently on the platform dashboard and are subject to adjustment.
5.1 Platform Display – Investment Account balances and statements are displayed within the trading platform and made available to the Client by the Company. Common term definitions can be found on the Company’s Website.
6.1 Allocation – The Company may offer the Client a Bonus, Credit or tangible gifts, from time to time, at its sole discretion.
6.2 Trading Margin Enhancement – Bonus benefits and insured trades are extra bonus money added to the Client’s account, which provides more funds for him in the form of bonus money to use when trading.
6.3 Funding Priority – After receiving a bonus, funds deposited from the Client will be involved in trading first.
6.4 Required Trading Volume – The Client will be able to withdraw the bonus and / or profits made with the bonus money only after reaching the required trading volume: (Total deposit + Total benefit amount) * 20.
6.5 Early Withdrawal Penalty – If the Client requests to withdraw before executing the required trading volume, the bonus and the profits made with the bonus will be deducted from his total account balance and he will be refunded the capital after 30 days upon request.
6.6 Fraud Surcharge – The company reserves the right to deduct up to 100% as a handling fee from the total deposit in the event the company suspects any act of fraud or breach of the company’s terms and conditions by the Client.
6.7 Comprehending Terms – The Client is not advised to accept and use any benefit unless the Client comprehends the advantages and disadvantages of the benefit.
7.1 Client Data Safeguarding – The Company shall hold some personal Client information due to the nature of the Company’s business and relations with the Client. All data collected, whether on paper (hard copy) or on a computer (soft copy) is safeguarded in order to maintain Client privacy.
7.2 Permitted Disclosures – The Company shall be permitted to disclose and/or use the Client Information for the following purposes: (a) internal use, including affiliated entities; (b) as permitted or required by law; (c) protection against or prevent actual or potential fraud or unauthorized transactions or behavior (d) computerized supervision of the Client’s use of services, review and/or supervision and/or development and/or maintenance of the quality of services; (e) to protect the Company’s rights or obligations to observe any applicable law.
7.3 Marketing Consent – The Client hereby grants his/her permission to the Company to make use of his/her details in order to provide updates and/or information and/or promotion or marketing purposes through the Clients E-mail address or other contact information. Cancellation of this consent shall be made in writing.
7.4 Recording Conversations – The Client agrees and acknowledges that the Company may record all conversations with the Client and monitor (and maintain a record of) all emails sent by or to the Company. All such records are the Company’s property and can be used at the Company’s sole discretion.
7.5 Affiliation Shares – The Company may share commission and charges with its associates, introducing brokers or other third parties (“Affiliates”), or receive remuneration from them in respect of contracts entered into by the Company. Such Affiliates of the Company may be disclosed with Client information.
7.6 Cookies Usage – The Company’s Trading Platform, Website or other services may require the use of ‘Cookies’.
8.1 Self Appraisal – The Client represents that it has been solely responsible for making their own independent appraisal and investigation into the risks of any Transaction. The Client represents that they have sufficient knowledge, market sophistication and experience to make their own evaluation of the merits and risks of any Transaction. The Company does not advise its Clients in regards to the expected profitability of any Transaction, and any tax or other consequences.
8.2 Commentary is Incidental – Where the Company does provide market commentary or other information: (a) this is incidental to the Client’s relationship with the Company. (b) it is provided solely to enable the Client to make their own investment decisions.
8.3 Execution Responsibility – The Company shall not be responsible for the consequences of the Client acting upon any such trading recommendations, market commentary or other information.
8.4 Inaccuracy Indemnity – The Client acknowledges that the Company shall not, in the absence of fraud, willful default or gross negligence, be liable for any losses, costs, expenses or damages suffered by the Client arising from any inaccuracy or mistake in any information given to the Client.
8.5 Suitability Excluded – The Company is under no obligation to assess the appropriateness of any Transaction for a Client, to assess whether or not the Client has the necessary knowledge and experience to understand the nature of and risks associated with Transactions.
8.6 Tax Liability – Any tax applying to the Client and/or resulting from the Client’s trading activity, including trading profits and/or trading losses and/or any charges and/or deductions, shall be under the Client’s full and sole responsibility. The Client shall personally report and pay any personal, federal, state and local tax liability s/he is obligated to, if applicable. The Company serves as a mediator only and does not collect deduct, pay or withhold tax from the Client.
9.1 Ten Days Notice – Either party may terminate this Agreement by giving 10 (Ten) business days written notice by email to info@spacexcapitalsecuredinvestmentcompany.com, of termination to the other party. Either party may terminate this Agreement immediately in any case of any breach of this Agreement or event of Default by the other Party. Upon terminating notice of this Agreement, the Client shall be under obligation to close all open positions, otherwise, the notice shall become void.
9.2 Outstanding Rights – Termination shall not affect any outstanding rights and obligations according to the applicable law and the provisions of this this Agreement.
9.3 Balances Due – Upon termination, all amounts payable by Either Party to the other Party will become immediately due.
10.1 "As Is" Operations – THE SERVICES OF THE COMPANY ARE PROVIDED “AS IS” AND “AS AVAILABLE”, AND THE COMPANY MAKES NO WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, WARRANTIES OF MERCHANTABILITY AND FITNESS FOR PARTICULAR PURPOSE. THE COMPANY WILL NOT BE LIABLE FOR ANY DAMAGES OF ANY KIND ARISING FROM TRADING OR THE USE OF THE COMPANY’S SERVICES, INCLUDING, BUT NOT LIMITED TO DIRECT, INDIRECT, INCIDENTAL, PUNITIVE, AND CONSEQUENTIAL DAMAGES.
10.2 Server Operations – The Client acknowledges and agrees that the Trading Platform follows the relevant market, whether the Client is in front of his computer or not, and whether the Clients computer is switched on or not, and will exercise the order left by the Client, if applicable.
10.3 Expense Indemnity – The Client shall, upon first demand by the Company, compensate the Company from and against all liabilities, damages, losses and costs (including reasonable legal costs), duties, taxes, charges, commissions or other expenses incurred by the Company.
10.4 Debts Off-Set – The Company shall have the right to off-set any amount owed by the Company to the Client, against any debt or other obligation of the Client towards the Company. In the event of Default of Client, all debts, future debts and other obligations of the Client towards the Company shall become immediately due.
11.1 Amendments – The Company has the right to amend this Agreement without obtaining any prior consent from the Client. If the Company makes any material change to the Agreement, the Company will give at least 10 (Ten) Business Days notice of such change to the Client.
11.2 Partial Invalidity – If, at any time, any provision of this Agreement is or becomes illegal, invalid or unenforceable in any respect under the law of any jurisdiction, neither the legality, validity or enforceability of the remaining provisions shall be affected.
11.3 Joint Accounts – If the Investment Account is a joint account, then each of the entities shall be authorized to represent the other entities towards the Company, with no requirement of any prior notice or approval from the other entities.
11.4 Notifications & Complaints – Unless otherwise agreed, all notices, instructions and other communications to be given by the Company shall be given via e-mail or other electronic means. Any changes in the Details or any complaint shall be directed to: info@spacexcapitalsecuredinvestmentcompany.com.
11.5 Governing Law – These Terms and any relationship between the Company and the Client shall be governed by law applicable in Marshall Islands and subject to the exclusive jurisdiction of Marshall Islands courts.
11.6 Assignment Restrictions – No rights under this Agreement shall be assignable nor any duties assumed by another party except to/by an affiliate of The Company.
11.7 Dormant Accounts – If the Client does not perform any trading activity or his trading activity is very low in volume, the Company may charge the Investment Account with Dormant Trading commission, or close any open trade and/or suspend Client access to the Investment Account and/or terminate this Agreement.
11.8 Communications Language – All communications between the Company and the Client will be in English or in any language, suitable both to the Client and the Company.
11.9 Force Majeure – The Company shall not bear responsibility for any harm or any form which shall be caused to the Client in the event that such harm is the result of a force majeure and any outside event which is not under the control of the Company which influences Trading.
Trading in Cryptocurrency Options and digital assets is considered a highly risky and speculative investment venue.
The relevant markets for trading are characterized as highly volatile markets, which inherits high risk in evaluating the outcome of a Cryptocurrency option. The Company is not and will not, in any way, be responsible for the outcome of any transaction executed by the Client.
CAUTION: Clients should never fund their trading activities with retirement savings, loans, mortgages, emergency funds, funds set aside for purposes such as education or home ownership, or funds required for current income or present or future medical expenses.
The Client must be knowledgeable in the use and functionality of the software provided by the Company in order to correctly interpret account information and place orders. The Company makes no warranty regarding the effectiveness, accuracy, or efficiency of the platforms.
Cease of Trading: Due to the fact that commerce systems rely on networks and the Internet, services may be disrupted without prior notice. The Company shall be permitted, inter alia, to close or adjust Client's open transactions.