Terms and Conditions of Use for the Tasdax Platform
These Terms and Conditions (hereinafter referred to as the 'Agreement') govern the legal relationship between HORIZON EXPEDITIONS LIMITED (operating under the global Tasdax brand) with its registered office at Arch, Makariou III & Evagorou, 1-7, MITSI 3, 1st, floor, Flat/Office 102, ZIP 1065, Nicosia,Cyprus enrolled with the Tax ID under number HE455417 (hereinafter referred to as the 'Company' or 'Tasdax'), and the user (a natural or legal entity) (hereinafter referred to as the 'Client') of the website www.tasdax.com (hereinafter referred to as the 'Website').
1. Acceptance of Terms
1.1. The Client confirms that they have read, understood, and accepted all information, conditions, and terms set out on the Website, which are open for public review and include important legal information.
1.2. By accepting this Agreement, the Client agrees and irrevocably accepts the terms and conditions contained in this Agreement, its annexes and/or appendices, as well as other documentation/information published on the Website, including, but not limited to, the Privacy Policy, Payment Policy, Withdrawal Policy, Code of Conduct, Order Execution Policy, and Anti-Money Laundering Policy.
1.3. The Client accepts this Agreement by registering an Account on the Website and depositing funds. By accepting the Agreement and subject to the Company's final approval, the Client enters into a legal and binding agreement with the Company.
2. Definitions
2.1. Account – means a unique personalized account registered in the name of the Client that contains all the Client's transactions/operations on the Company's Trading Platform.
2.2. Binary Options – financial instruments where a prediction is made on the direction of the price movement of an asset at a certain time of the day. The payout is predetermined as a fixed amount whether the option expires in or out of the money.
2.3. CFD (Contract for Difference) – a tradable contract entered into between the Client and the Company, who exchange the difference in the value of an Instrument, as specified on the Trading Platform at the time of opening a Transaction, and the value of that Instrument at the contract's end.
2.4. Trading Platform – an electronic system on the internet that consists of all programs and technology that present quotes in real-time, allow the placement/modification/deletion of orders, and calculate all mutual obligations of the Client and the Company.
3. Services
3.1. The subject of the Agreement is the provision of Services to the Client by the Company under the Agreement and through the Trading Platform.
3.2. The Company will execute all transactions as provided in this Agreement on an execution-only basis, neither managing the account nor advising the Client
3.3. The Company is entitled to execute transactions requested by the Client as provided in this Agreement, even if the transaction is not beneficial for the Client. The Company is under no obligation, unless otherwise agreed in this Agreement and/or other documentation/information on the Website, to monitor or advise the Client on the status of any transaction, to make margin calls, or to close out any of the Client's open positions.
4. Client Responsibilities
4.1. The Client confirms that they are of legal age and legally competent according to the jurisdiction in which they reside or are a resident.
4.2. The Client is prohibited from executing any transaction/operation on the Trading Platform, Website, and/or through their Account that would result in exceeding the total balance and/or amount of money deposited/maintained in their Account.
4.3. The Client must ensure that the username and password issued by the Company for the use of the Services and the Account are used only by them and are not disclosed to any third party.
4.4. The Client undertakes not to use scripts, bots, or any other automated or fraudulent mechanism to gain an unfair advantage or unjust benefit on the Trading Platform.
5. Misuse of the Platform
5.1. If the Company detects that the Client is using scripts, bots, or any other automated or fraudulent mechanism to gain an unfair advantage or unjust benefit, the Company reserves the right to:
5.1.1. Immediately cancel the Client's account.
5.1.2. Withhold any profit obtained through such practices
5.1.3. Deny the Client access to the available balance on the platform, subject to a complete investigation.
5.1.4. If there is any balance remaining after the annulment of financial operations, the remaining amount will be refunded.
5.2. Fraudulent activities or those that circumvent the system will not be tolerated, such as:
5.2.1. If it is found or there are reasons to believe that the Client's Account is being used for the benefit of or on behalf of third parties, and/or if the person is using the Services for any purposes other than personal use and leisure (including if they are using a third-party Account);
5.2.2. If it is identified that the person is depositing funds into their Account without the intention of making Transactions;
5.2.3. If the person is using or attempting to use a VPN or similar technology to disguise their location;
5.2.4. If incorrect, incomplete, or misleading information is provided at the time of Account registration or later (except if incorrect, incomplete, or misleading information is provided to pass relevant age checks);
5.2.5. If it is discovered that the person allowed or enabled third parties to use or access their Account;
6. Limitation of Liability
6.1. The Company does not guarantee uninterrupted service, safety, and error-free operation, nor immunity from unauthorized access to the trading sites' servers nor disruptions caused by damages, malfunctions, or failures in hardware, software, communications, and systems in the Client's computers and the Company's suppliers.
6.2. The Company shall not be responsible for any damage caused to the Client due to force majeure events or any event beyond the Company's control that affects the accessibility of its trading site.
6.3. In the event of termination of this Agreement due to the use of fraudulent mechanisms as described in clause 5, the Company shall have no liability towards the Client and no obligation to pay the Client's profits; furthermore, it is at the Company's sole discretion to decide whether any deposited funds will be returned to the Client.
7. Personal Data
7.1. By accepting the terms and conditions of this Agreement, the Client irrevocably consents to the collection and processing of their personal data/information by the Company as provided by them to the Company.
7.2. The Company will take the necessary legal, organizational, and technical measures to protect such personal data against unauthorized or accidental access, destruction, alteration, blocking, copying, provision, and dissemination, as well as from any other illegal actions.
8. Rights and Obligations of the Parties
8.1. Client Rights
8.1.1. The Client is entitled to submit any order requesting the execution of a transaction/Operation on the Website in accordance with and subject to the terms and conditions of this Agreement.
8.1.2. The Client may request the withdrawal of any amounts subject to and in accordance with the Withdrawal Policy, provided that the Company has no claims against the Client and/or the Client does not have any outstanding debts to the Company.
8.1.3. In the event that the Client has any alleged complaint against the Company and/or there is any dispute between the Client and the Company, the Client can submit their complaint, including all relevant particulars and details, to the Company at [email protected]. The Company shall acknowledge receipt of any such complaint, initiate an internal investigation of the matter, and shall respond to the Client within a reasonable amount of time (i.e., within 3 months from the date of acknowledging receipt of the complaint).
8.1.4. The Client may unilaterally terminate the Agreement provided that there is no outstanding debt from the Client to the Company and such termination is made in accordance with section 16 herein.
8.2. Client Obligations
8.2.1. The Client agrees to comply with and honor all terms and conditions of this Agreement.
8.2.2. The Client shall ensure that the username and password issued by the Company in relation to the use of the Services and the Account will only be used by them and will not be disclosed to any other person.
8.2.3. The Client shall be liable for all orders submitted through their security information, and any orders received in this manner by the Company shall be considered to have been given by the Client.
9. Indemnity and Liability
9.1. The Client shall indemnify and keep the Company and its directors, officers, employees, or representatives indemnified against all direct or indirect liabilities (including, without limitation, all losses, damages, claims, costs, or expenses) incurred by the Company or any other third party in respect to any act or omission by the Client in the performance of their obligations under this Agreement and/or the liquidation of any financial instruments of the Client in settlement of any claims with the Company, unless such liabilities result from gross negligence, willful default, or fraud by the Company. This indemnity shall survive termination of this Agreement.
9.2. The Company shall not be liable for any direct and/or indirect loss, expense, cost, or liability incurred by the Client in relation to this Agreement, unless such loss, expense, cost, or liability is a result of gross negligence, willful default, or fraud by the Company.
10. Personal Data
10.1. By accepting the terms and conditions of this Agreement, the Client irrevocably consents to the collection and processing of their personal data/information by the Company as provided by them to the Company
10.2. The Company will take the necessary legal, organizational, and technical measures to protect such personal data against unauthorized or accidental access, destruction, alteration, blocking, copying, provision, and dissemination, as well as from any other illegal actions.
10.3. The Client acknowledges and consents that, for the purposes described above, the Company has the right to collect, record, systematize, accumulate, store, adjust (update, change), extract, use, transfer (disseminate, provide, access), anonymize, block, delete, destroy such personal data, and/or perform any other actions according to the current regulating legislation.
10.4. The Client acknowledges and consents that the Company shall store, maintain, and process their personal data in the manner described in this Agreement during the term of the Agreement and for a minimum of 7 years following any termination of the Agreement.
10.5. The Client acknowledges, accepts, and agrees to the disclosure of personal data by the Company to third parties and their representatives, solely for the purposes of the Agreement, including, without limitation, to facilitate processing/execution of the Client's orders/Operations, provided that the amount of personal data to be disclosed to any such third party is proportionate and/or limited solely to facilitate the actions as described above, and the Company shall ensure that such third party shall treat the personal data in accordance with applicable laws and regulations.
11. Misuse of the Platform
11.1. If the Company detects that the Client is using scripts, bots, or any other automated or fraudulent mechanism to gain an unfair advantage or unjust benefit, the Company reserves the right to:
11.1.1. Immediately cancel the Client's account.
11.1.2. Withhold any profit obtained through such practices.
11.1.3. Deny the Client access to the available balance on the platform, subject to a complete investigation.
12. Termination of the Agreement
12.1. This Agreement shall be concluded for an indefinite term.
12.2. This Agreement shall come into force when the Client accepts the Agreement and makes an advance payment to the Company.
12.3. In case of any discrepancies between the text of the Agreement in English and its translation in any other language, the text of the Agreement in English shall prevail, as well as the English version/text of any other documentation/information published on the Website.
12.4. Each Party shall be entitled to terminate this Agreement at any time by giving the other Party 15 (fifteen) days written notice. During the 15 days notice period, the Company may limit the services available to the Client; however, access will be granted for the Client to withdraw any remaining balance.
12.5. The Company shall be entitled to terminate this Agreement immediately, close all open positions, block the Client's account without giving prior notice under the following circumstances
12.5.1. Death or legal incompetence of the Client.
12.5.2. If any application is made or any order is issued, or a meeting is convened, or a resolution is approved, or any measures of bankruptcy or winding up of the Client are taken.
12.5.3. If the Client keeps their account inactive, failing to perform any operations or access for a period exceeding 90 days.
12.5.4. If the Client violates, or the Company has reasonable grounds to believe that the Client violated, any of the Client's obligations under and/or terms of, this Agreement and/or is in breach of any of the warranties and representations made by them in this Agreement.
13. Governing Law
13.1. The terms and conditions of this Agreement, as well as any matters pertaining to this Agreement, including, without limitation, matters of interpretation and/or disputes, shall be governed by the laws.
13.2. The Company and the Clients irrevocably submit to the jurisdiction of the courts.
14. General Provisions
14.1. The Client agrees that the Company has the right to modify, add or set as default the option payment rate, return rate, the possibility of adjusting the return rate, the possibility of acquiring the option type, the minimum and/or maximum option amount, the possible expiration periods for one, several, or all assets.
14.2. The Company reserves the right to alter, add, or set as default the option payment rate, return rate, the possibility of adjusting the return rate, the possibility of acquiring the option type, the minimum and/or maximum option amount, the possible expiration periods for one, several, or all assets.
14.3. The Company may refuse to execute orders under circumstances that include, but are not limited to:
14.3.1. If the execution of the order aims or may aim to manipulate the market price of the financial instruments (market manipulation);
14.3.2. If the execution of the order constitutes or may constitute abusive exploitation of confidential information (insider trading);
14.3.3. If the execution of the order contributes or may contribute to the legalization of the proceeds of illegal activities (money laundering);
14.3.4. If the Client has insufficient funds to cover the purchase of financial instruments or if there is an insufficient number of financial instruments to cover their sale;
14.3.5. If the Client fails to fulfill any of their obligations towards the Company under this Agreement;
14.3.6. If the Client seeks to become or becomes a US Reportable Person or a resident of the USA/territories of the USA and/or a resident of either the USA/territories of the USA, Canada, Afghanistan, Australia, Belarus, Belgium, Bouvet Island, Comoros, Cuba, Democratic Republic of the Congo, Eritrea, Ethiopia, Gibraltar, Guam, Haiti, Iran, Israel, Japan, Libya, Mali, Myanmar, North Korea, Palestine, South Sudan, Sudan, Syria, the Russian Federation, the United Kingdom, Ukraine, Vatican, any country of the European Economic Area, and/or other non-serviced countries.
These Terms and Conditions of Use have been created to ensure a transparent and secure relationship between Horizon Expeditions Limited and its Clients. By using the services offered by Tasdax, the Client agrees to comply with these terms and conditions.