These are the entire terms and conditions that apply to the use of this website and any services provided hereto. Use of this website and/or the services provided hereto (the "Services") are all subject to these terms and conditions (hence forth, the "Agreement"). If you have objections to the terms and conditions stipulated hereto, do not use our Services in any way. Please feel free to contact our Customer Support team for any clarifications before you continue to use this software.
This Agreement is made between yourself and Skillogic International (hence forth, "You" or "Player" or "Customer", and "Us" or "We" or "Skillogic "). This Agreement describes to you in full detail the terms and conditions which you must accept without restrictions or objections before using our Services. Before you use our Services and before you become a customer of Skillogic International, you must fully understand and agree to all the terms and conditions expressly explained and/or implied hereto by reference. Notwithstanding anything to the contrary, by continuing to use our Services you are implying that you have read this Agreement and have unconditionally accepted without reservation the terms and conditions in their entirety.
We may post changes to these Terms and Conditions and other parts of the Agreement from time to time so do review them regularly on the Services because each time You play on the Services You will be bound by them. The Agreement was last updated on July 6, 2008.
This Agreement covers the entire scope of Services provided by Skillogic International including, but not limited to, the use of our software, website, the use of our trading Services, data collection and storage practices, downloadable material from our website, financial information published on our website (either by us or by any affiliated party), electronic content, real time information about the exchange rate of currencies played', tools for executing transactions in the foreign exchange market on the internet, by phone or fax and any other features, content or services that we may add in the future. This Agreement covers any form of communication between us and you including email, telephone, fax and more.
Registration
At any given time, starting from the date of your registration with us we may ask you to provide personally identifiable information. If you choose to provide us with the information and register with us as our customer you are confirming to us that any information provided is true, accurate, updated and complete information about yourself. Additionally, you agree that you will not impersonate any person or entity, misrepresent any affiliation with another person, entity or association, use false headers or otherwise conceal your identity from Skillogic International for any purpose. If you are registering as or for a business entity, you hereby declare that you have the authority to bind that entity to this Agreement. We apply strict security procedures and undertake to treat the information that you provide us with care in accordance with our Privacy Policy. Please note that when you register with us you will choose a user name and password that will personally identify you each time you log on to our system. Your username and password should be kept confidential at all times. It is your sole responsibility to safeguard this information. If the security of the above username and password is breached or if you suspect that they are being wrongfully used please contact us immediately at support@trade2race.com
Eligibility
It is a pre-condition that our Services are only used and contracts are only formed by those who are permitted to enter legally binding agreements. Therefore, if there is any reason why you would not be able to enter a legally binding agreement with us, for whatever reason - do not use our Services. Such reasons could include, but are not limited persons that have not yet reached the age of 18 or are defined as minors that have not yet reached legal age. Notwithstanding any of the above, the above mentioned eligibility restrictions shall only apply in cases where the Services involve the use of real money. The above restrictions shall not apply to use of any practice application not associated with real money transactions.
Additional Persons Not Eligible
Notwithstanding Section 1.3, the following persons are ineligible to receive any prize offered on the Site: employees, officers, and directors (and their immediate family members) of the Site, its parent companies, subsidiaries, and affiliates; and any other person with access to non-public information regarding the operation of any Services offered on the Site. For purposes of this section, immediate family members include parents, siblings, spouses, children, or any other person permanently residing in the same household with such employee, officer, or director.
Identification
Customers wishing to perform money transactions with Trade2Race will be prompted to provide personally identifiable information, such as full name, address, date of birth, and other details such as a copy of your Passport (and/or your driver's license) or other identifying documents. This information is used for transaction purposes only, and will not be kept in our system.
Representations and Warranties
You represent, warrant, covenant and agree that:
You are at least 18 years old, or the age of legal consent for engaging in Trade2Race activities under the laws of any jurisdiction that applies to you.
You are of sound mind and you are capable of taking responsibility for your own actions.
All the details that you have submitted to us or any details given to us when opening an account and making a deposit are true, accurate, complete and match the name on the payment card and/or payment accounts in which you intend to deposit or receive monies from your account.
You have verified and determined that your use of the Services does not violate any laws or regulations of any jurisdiction that applies to you.
From time to time you may be requested to provide us with certain documents to verify the details of the credit card used by you to deposit monies to your account. Subject to our satisfaction from the above documentation checks, you may or may not be permitted to deposit further monies by recurring credit card.
The penalty for providing untrue, inaccurate, misleading or otherwise incomplete information is your immediate breach of this Agreement. As such, we reserve the right to terminate your account promptly and to prevent you from using our Services.
We shall not be responsible for any of the following situations:
Unauthorized real money transactions.
Unauthorized real money transactions conducted by unauthorized minors.
Physical verification that you posses the proper knowledge and/or experience to use our Services. We will not be responsible in any way (including for damages and losses caused by the use of our Services) if you use Skillogic's websites or services.
US residents may not use this website.
Limited License
Subject to the above registration and eligibility requirements, we hereby grant you a personal license (a "License") that is non-transferable, non-exclusive, limited to the terms of this Agreement and fully revocable to use our Services (including the use of our website and any associated downloadable software) subject to the terms of this Agreement. You will also be subject to the End User License Agreement by Skillogic International that is associated with downloading any software from our websites.
Deposits and Withdrawals
IMPORTANT NOTE - SKILLOGIC INTERNATIONAL DOES NOT PERMIT CUSTOMERS IN THE USA TO OPEN AN ACCOUNT WITH ANY OF ITS PRODUCTS, NOR PARTICIPATE IN ITS ACTIVITIES UNDER US LAW AND REGULATION.
Skillogic International reserves the right to impose deposit limits and deposit fees in its system.
Skillogic International reserves the right to impose withdrawal limits and withdrawal fees in its system.
Credit card deposits may be, according to credit card companies' regulations, returned to same credit card when a withdrawal is performed, and credit card charges may apply.
Upon submitting a withdrawal request you may be required to submit documentation as required by our AML (anti-money laundering) regulations.
According to AML procedures any withdrawal request will be paid to the same individual that has submitted the deposit.
Deposit rules:
The minimum amount you can deposit is €10.
The daily maximum amount you can deposit is €1000.
Withdrawal rules:
Customers may withdraw non-bonus funds at any time, under the following rules:
To make a withdrawal, the minimum you must have in non-bonus funds is €20.
The minimum amount you can withdraw is €20.
The daily maximum amount you can withdraw is €1000.
Upon withdrawal of any amount of cash from your account at Trade2Race, 25% of the total amount you withdraw will be deducted from your bonus funds.
Limitations on Participation
You may establish only one account per person, computer or address, to participate in the activities offered by Skillogic. Skillogic reserves the right to monitor any effort to establish multiple accounts; should Skillogic discover that you have opened more than one account per person, computer or address, all additional accounts will be closed without notice and continued violation will result in the termination of any and all of your accounts and Skillogic may void any associated winnings. Skillogic also reserves the right to deny access to anyone, including, but not limited to, those Players who use proxy servers and/or IP addresses residing in certain geographical areas.
Abuse
Anyone who displays behaviour which may be interpreted as the use of unfair methods on Skillogic's Services, including but not limited to, the opening and/or use of multiple accounts, the use of unauthorised or altered software or hardware to assist play, intentionally poor play in certain Services in order to achieve a broader competitive advantage (i.e. "sandbagging"), the deliberate transfer of money between accounts (i.e. "money laundering"), harassment of other participants, posting of objectionable material, any breach of these Terms and Conditions, or any breach of the security of your account or the Site (collectively, "Abuse"), shall be subject to immediate sanction (as determined by Skillogic in its sole discretion), up to and including account termination and blocking of access to Skillogic's services and, in the case of money laundering, disclosure to the relevant law enforcement organization. Additionally, all winnings (if any) may be voided at the sole discretion of the Site. If you are found to be cheating or attempting to defraud Skillogic International, or if you make untrue and/or malicious comments with regard to Skillogic International operation, Skillogic International reserves the right to publicise your actions together with your identity, as well as to circulate this information without limitation, including, but not limited to, your email address to external organisations including, but not limited to, casinos, banks, credit card companies, and appropriate agencies.
Odds and Prizes
The results of Services offered by Skillogic depend on the number of the Players participating and the fluctuation of market performance; precise odds of winning are therefore unavailable. Prizes are generally cash amounts. 90% of the prize amount is deposited directly into the winners' account, and the remaining 10% of the prize amount is transferred to Skillogic as winning fee. Please note that in certain circumstances where a Customer's account is closed by Skillogic for a violation of the Terms and Conditions, that Customer's winnings may be voided and not returned to that Customer. In such an event, Skillogic uses these winnings to defray the costs of administration and enforcement of these Terms and Conditions.
Winners Lists
Lists of winners may be posted on the Services immediately following each game, except in the case of Services with substantial (as determined by the Site in its sole discretion) prizes, where lists may be delayed for up to five business days while verification of the results takes place in order to help prevent potential abuse.
Determination of Winners
The results and winners of each game offered on the Site will be determined by the Site, and such determinations are final. By registering and/or participating in any Services, you agree to be bound by these determinations.
All Information that you provide to us via our website and/or by email, fax or telephone shall be considered non-confidential and non-proprietary information. Such information is not limited to personal information submitted to us and also includes any queries, idea's, comments or any other communicative material that you engage with us. As such, we maintain the right to use any such communication with us as we see fit. We do not undertake to review and monitor all communications with us however if we choose to review and/or monitor any such communications we are entitled to use such communications in any way we see fit. We reserve the right to record any calls made by you to the Customer Support department.
Promotional Activities
By registering for an account, you agree that Skillogic may display your username and game records. By accepting any prize from the Skillogic, you agree to allow the Site to print, publish, broadcast and use, worldwide, in any media and at any time, your name, picture, voice, likeness, and/or biographical information for promotional or related purposes without additional compensation.
Submissions
If you send comments, questions or suggestions, including, but not limited to, notes, text, drawings, or computer programs, to the Site, such submissions shall become, and shall remain, the sole property of Skillogic. No submission shall be subject to any obligation of confidence on the part of Skillogic. Skillogic shall exclusively own all rights to, and shall be entitled to unrestricted use of all such submissions without compensation to you. In the event that your Account is not accessed for a period of at least six months we will regard your account to be dormant. We will count six months from the date that you last logged into your account. If your account becomes dormant we will apply a monthly fee equal to 10% of the funds in the account on the date that it became dormant and deduct it from the funds held in your account commencing from the last day of the sixth month in which the account becomes dormant and on the last day of every month, until the balance of the account has reached zero. In the event that you log on to your account during a ten-month period during which the administration fee is being applied, the Company will cease to deduct the fee but shall not be obligated to return to you any monies deducted from the account at such time.
You agree to use the services offered by this website at your own risk. Without limiting the foregoing, the services contained within this site are suitable only for customers who are able to bear the loss of all the money they deposit, and who understand the risks.
Use of Posted Market Information
We do not provide our Customers with any financial advice, tips or recommendations. Notwithstanding, we make available to our Customers financial information that is provided to us by our affiliates, agents, vendors and/or partners. We do not endorse or maintain any control over the financial information that we make available to you. Furthermore, we do not guarantee the accuracy, timeliness, completeness or correctness of the information, nor do we warrant any results from your reliance on such information. You understand that we are not obligated to provide the above mentioned tools and information and we can remove these informational tools from our website at any time. Furthermore, we are not obligated to update the information displayed on our website at any time and we will not be liable for the termination, interruption, delay or inaccuracy of any Market Information. The financial information we post on our website is provide by third parties for the benefit or our users as such you undertake not to enable deep linking or any other form of redistribution or reuse of the information, to any non-authorized users.
Accountability for Each Financial Transaction
By using our Services, you agree to be fully, independently and personally liable for each transaction and/or credit card transaction made on our System through your account. As such, you must make sure that you are the only person with access to your account at all times. You must make sure that no minors have access to your account. I n the unlikely event of market item prices that do not reflect the market price (such as an event where a technical error such as a bug or defect has caused a malfunction that has affected the price of the transaction), we reserve our right to terminate and cancel any such transaction. We will notify you of our decision to cancel the transaction and explain our reasons to you. On the other hand, you are required to inform us of any such malfunction should you experience such a malfunction whilst trading on our system.
Restrictions on Financial Transactions
You understand that financial regulations, financial codes, financial ethics and contractual requirements vary worldwide. As such, you understand that ultimately it is your responsibility to make sure that you comply with any and all local regulations, directives, restrictions and laws in your local place of residence before using our Services. We strictly state that we do not permit the use of our Services by users from jurisdiction in which the use of our Services is not permitted. This Agreement is not offering or soliciting the use of our Services to any one located in a jurisdiction in which the specific use is not authorised or otherwise permitted by local laws.
Please note that Skillogic International shall apply its own spread to all transactions made by using our Services which can increase the cost of the transactions accordingly.
By using our Services, you declare that all the funds that you use on our Services do not originate in any way from drug trafficking, abduction, terrorist activity or any other criminal activity that is unlawful or could be considered unlawful by any authority. In the event that we become suspicious that you may be engaging in or have engaged in fraudulent, unlawful or improper activity, including, without limitation, money laundering activities, or conduct otherwise in violation of this Agreement, your access to the Services may be terminated immediately and/or your account blocked. If your account is terminated or blocked in such circumstances, the Company is under no obligation to refund any funds that may be in your account. In addition to terminating your access to the Services and/or blocking your account, we reserve the right to prevent you from accessing any of our other websites or servers, or accessing any other services offered by us. We shall be entitled to inform relevant authorities, other online service providers and banks, credit card companies, electronic payment providers or other financial institutions of your identity and of any suspected unlawful, fraudulent or improper activity and you will cooperate fully with us to investigate any such activity.
Taxation
You hereby acknowledge and understand that we do not collect any taxes for any government authority in any form or manner and you further understand that it is your own responsibility to calculate and pay all applicable taxes applicable in your country of residence arising as a result of your activity on our Services. Notwithstanding the above and without derogating in any way from your sole, exclusive and personal obligation to pay taxes in your local jurisdiction, you unequivocally agree that we may deduct any taxes due under applicable law and regulations that may arise from the results of your activity on our system. All amounts extracted from your account are "gross amounts", from which we may deduct any such taxes if necessary and under law. In such an event, you shall have no claim towards the Company with regard to any such deductions.
Disclosures
It is important that you be fully aware of the following points:
Where being unable to collect such fee(s), the Company reserves the right to close part, or all, of Customer's open positions, in order to facilitate such charge. Notwithstanding, the Customer shall be liable for promptly paying such fee(s) to the Company even if the Customer has had full loss of all margins deposited by him.
While using our visual electronic trading system, you might encounter system errors that are resulted from hardware and/or software failures. The result of any system failure may be that your order is either not executed according to your instructions, executing with account balance errors and discrepancies or not executed at all.
Skillogic International will not be liable for the resulting errors in account balances. Skillogic International reserves the right to make the necessary corrections or adjustments on the account involved.
INDEMNIFICATION AND LIMITATION OF LIABILITY
UNDER THE TERMS OF THIS AGREEMENT YOU HEREBY UNDERTAKE TO INDEMNIFY US, OUR DIRECTORS, OFFICERS EMPLOYEE'S, AGENTS AND AUTHORIZED REPRESENTATIVES TO INDEMNIFY AND HOLD US HARMLESS AGAINST ANY DAMAGES, LIABILITY, COST OR EXPENSE INCURRED BY US AS A RESULT OF THE BREACH OF THIS AGREEMENT OR AS A RESULT OF YOUR BREACH OF ANY LAWS AND REGULATIONS THAT MAY GOVERN THE TERMS OF THIS AGREEMENT. WE, OUR OFFICERS, DIRECTORS, EMPLOYEES, AGENTS AND AUTHORIZED REPRESENTATIVES, SHALL IN NO WAY BE LIABLE FOR ANY LOST PROFITS, INCIDENTAL, CONSEQUENTIAL AND/OR SPECIAL DAMAGES THAT MAY ARISE AS A RESULT OF YOUR USE OF OUR SERVICES OR OUR SOFTWARE. IN ANY EVENT, AND NOTWITHSTANDING, THE MAXIMUM LIABILITY THAT YOU MAY CLAIM FROM US FOR ANY REASON SHALL BE NO MORE THAN THE ACTUAL SUM OF MONEY THAT YOU DEPOSITED IN YOUR ACCOUNT FOR THE PURPOSE OF TRADING THAT MAY HAVE BEEN THE BASIS FOR ANY ACCUMULATED LIABILITY THAT YOU INCUR.
You must provide and maintain adequate technical means on which you install our software and access our Services. These technical means must include at least a personal computer, internet access by any means and telephone or other access line. Access to the internet is an essential feature and you shall be solely responsible for any fees necessary in order to connect to the internet. Furthermore, as you are using your personal computer in order to access our Services you are strictly and solely liable for the integrity and proper storage of any data associated with our Services. By using our Services, you represent and warrant to us that you have installed and implemented appropriate means of protection relating to the security and integrity of your computer and that you have taken appropriate action to protect your system from computer viruses or other similar harmful or inappropriate materials, devices, information or data.
We will not be liable to you in the event that your computer system fails, damages, destroys and/or formats your records and data. Furthermore, if you incur delays and any other form of data integrity problems that are a result of your hardware configuration or mismanagement, we shall not be liable. You further undertake to protect us from any wrongful transmissions of computer virus or other similarly harmful or inappropriate material or device to our system from your personal computer.
Technical Problems and Difficulties
As a provider of technology, we remind you that in some circumstances the use of the internet can at times be unreliable and at times you may experience trouble connecting, although is now common practice that generally the use of the internet is now regarded to be very reliable. Notwithstanding, and recognizing the above, you hereby undertake that we will not be liable, and you will not hold or seek to hold us or any of our officers, employees agents or service providers liable, for any technical problems, system failures and malfunctions, communication line failures, equipment or software failures or malfunctions, system access issues, system capacity issues, high internet traffic demand, security breaches and unauthorized access, and other similar computer problems and defects. We do not represent, warrant, guarantee or claim that you will be able to access or use our Services at all times and from any location. Neither do we represent, warrant, claim or guarantee that our Services will be uninterrupted and error-free at all times. Furthermore, we make no warranties for merchantability or fitness for a particular purpose.
Disconnection Policy
If you are suddenly disconnected from our Services whilst actively trading online, we will keep your positions open until you can re-establish your connection or trading ceases.
Maintenance Shut Downs
Contract payouts shall be determined by Skillogic International by reference to the daily values reported on this website relevant to the interbank trading data received by the Company for Forex quotes, subject to the provision that Skillogic International shall have the right to make corrections to such data in the event of mispriced or typographically incorrect data.
Links to Other Websites
At times, we may provide links from our website to other websites that we have no control over for your convenience. By doing so, we are not endorsing, approving or sponsoring any website to which we are linking and as such will not be liable for any content or policies followed thereto. As we do not have any control over the content and practices of these websites we urge our customers and users to read and fully understand the terms and conditions and other policies of these websites before using them.
Circumvention & Reverse Engineering
You shall not unlawfully access or attempt to gain access, reverse engineer or otherwise circumvent any security measures that we have applied to our system. If, at our sole discretion, you are in breach of this clause, we may terminate your access to the Services immediately and/or have your account blocked, and the Company may inform Interested Third Parties of your breach of this clause. We have, and will continue to develop any tools necessary to identify fraudulent or unlawful use of our Services.
Artificial Intelligence Software
It is absolutely prohibited to use any software, at our sole discretion, which purpose is to apply any kind of artificial intelligence analysis to our system relating to the use of our Services. In the event that we determine, at our own discretion, that artificial intelligence software has been used we reserve our right to take action as we see fit, including completely blocking access to the Services, terminating the user account and seizing all funds held in the associated user account.
We will not be liable to you under any circumstances for any damage or losses that you incur due to circumstances beyond our control legally referred to as Force Majeure including, but not limited to, pursuant to any action taken by any government or regulatory body, legal authority, technical delays, technological malfunction, loss of data and records or destruction of hardware. We will not be liable to you for any such extraordinary events known as Force Majeure which may occur that we could not foresee or otherwise prevent.
Intellectual Property Protection
All our Intellectual Property assets ("IP") including but limited to all copyrights, trademarks, patents, service marks, trade names, software code, icons, logos, characters, layouts, trade secrets, buttons, colour scheme and graphics are our sole and exclusive IP and are all protected by local and international intellectual property laws and treaties including all copyright laws and regulations. Under no circumstances shall you remove any copyright notification from any of our IP or unlawfully use our downloadable software. The use of our Services does not grant you any rights other than those granted to you by revocable License in any way. All the images displayed on our Services belong to Skillogic or other legal owners. You may not use these images in any way other than the manner which we provide them. Should you wish to use any of our images for any other purpose you must obtain prior written consent from us in advance. Nothing contained on the Web site shall be construed as granting, by implication or otherwise, any license or right to use any trademark without our written permission or such third party that may own the trademarks.
Governing Law & Jurisdiction
This Agreement shall be governed by the laws of Isle of Man notwithstanding any principles of conflicts of law. By using our Services you agree to recognize all electronic and magnetic data and documentation as admissible evidence when settling a dispute regarding any trades and investments. This Agreement shall be construed under the exclusive jurisdiction of the courts located in Isle of Man.
All promotions, bonuses or special offers will be given only once per account, person, household and/or any environment where computers are shared.
All promotions, bonuses or special offers that we offer, or will offer in the future, are subject to that specific promotion, bonus or special offer terms and conditions.
All complimentary bonus credits to your account must be used under the terms and conditions specific to each promotion, bonus or special offer.
At all times, we reserve the right to retract and/or cancel any such promotion, bonus or special offer.
If we suspect that a user has abused or attempted to abuse a promotion, bonus and/or special offer, or otherwise acted with a lack of good faith towards us, we reserve the right, at our sole discretion, to deny, withhold or withdraw from that user the promotion, bonus, or special offer and to cancel any terms and conditions with respect to that user, either temporarily or permanently, or to terminate that user's access to the Services and/or block that user's account.
Registration Bonus
Upon registration you will be granted with a free €10 bonus. Usage of this bonus is subject to the following rules:
The €10 bonus applies to new registrants only.
The Registration Bonus cannot be removed from the customer's account, transferred to another account, or withdrawn as cash.
Bonus Waiver for First time Deposit
Depositing money into you Trade2Race account for the first time will determine whether you may or may not keep your Registration Bonus earnings. In order to place a deposit and keep your bonus funds, you must deposit an amount equal to, or higher than 50% of your winnings so far. The Registration Bonus will remain in your account in addition to the bonus granted for the deposit just made.
Deposit Bonus
Upon depositing, you will be granted a 100% progressive bonus that will match the amount you deposit, up to a maximum of €400. The way in which the progressive bonus will be applied is as follows:
Upon depositing, 25% of the bonus is granted.
In order to be granted the next 25% of the Deposit Bonus (50% in total), the Customer must place bets equal to 5 times the amount of the total Deposit Bonus.
In order to be granted the next 25% of the Deposit Bonus (75% in total), the Customer must place another series of bets equal to 5 times the amount of the total Deposit Bonus.
In order to be granted the next 25% of the Deposit Bonus (100% in total), the Customer must place another series of bets equal to 5 times the amount of the total Deposit Bonus.
The Deposit Bonus cannot be removed from the customer's account, transferred to another account, or withdrawn as cash.
If a Customer chooses to deposit funds prior to being entitled to receiving a previous Deposit Bonus in full, the Customer keeps the amount of Deposit Bonus received so far, but the remainder of the Deposit Bonus will not be released.
We reserve the right to terminate this Agreement and your account and registration (including your username and password) immediately without notice in the following cases:
If for any reason we decide to discontinue providing the Services.
If we believe that you have breached any of the terms of this Agreement.
If your use of the Services has been in any way improper or breaches the spirit of this Agreement; or for any other reason we see fit.
If this Agreement is terminated for any reason due to suspected misconduct by the user, Skillogic International reserves the right to withhold any funds in the account until the matter is resolved. Any decision made by Skillogic International regarding the matter will be final.
You may terminate this Agreement and your account and registration (including your username and password) at any time by sending an email to support@trade2race.com such termination to take effect upon the Company terminating your account and registration (including username and password), which shall occur within 7 calendar days after receipt of your email on our servers, provided that you shall remain responsible for any activity on your account between sending us an email and the termination of your account by us.
Severability
If any part of this Agreement is unlawful, void or determined to be unenforceable, that part will be deemed severable and will not affect the validity and enforceability of any remaining provisions.
Modifications to This Agreement
We reserve the right to amend, revise, modify, and/or change this Agreement at any time.
