Terms of Service
Monfex (https://www.monfex.com) (the “Site”) is comprised of various web pages owned and operated by Monfex Ltd. (“Monfex”, “we”, “us” or “our”), an International Business Company incorporated under the laws of Saint Vincent and the Grenadines . The Site is offered to the User (“Customer”, “User”, “Trader”, “you”, “your”) conditioned on your acceptance, without modification, of the terms, conditions, and notices contained herein (the “Terms”). Your use of the Site constitutes your agreement to all such Terms. Please read the Terms carefully and maintain a copy for your reference. Monfex reserves the right, in its sole discretion, to change the Terms under which the Site is offered. The most current version of the Terms will supersede all previous versions. Monfex will notify you of any changes in one of the following ways, in our sole discretion: (a) sending an email; or (b) providing notice when you log in to your Account or otherwise use our Services. Notice of any changes will be considered to have been given to and received by you on the same day after such notice was provided or made available to you. Monfex encourages you to periodically review the Terms to stay informed of updates.
These Terms apply to any activity you undertake by using the Site and they form a legal agreement between you and Monfex on the acceptance of your application for an account. If there is ever a conflict between these Terms and the instructions, guidance and similar information found on the Site, these Terms will take priority.
By applying to register for an account you are confirming that you understand and accept (and are able to understand and accept) these Terms and that you agree that you will be bound by them.
You may only apply for an account and use the services made available through the Site if:
- you are at least 18 years old;
- it is lawful for you to do so;
- the information on this website isn’t contrary to local law or regulation to the jurisdiction of the User. Visitors to this Site are responsible for ascertaining the terms of and complying with any local law or regulation to which they are subject;
- you will provide factual information about yourself to Monfex and that funds deposited into your account are yours and are from a legitimate source;
- you understand that all trading carries a high level of risk, the highly-volatile nature of cryptocurrency, and that you may lose all of the funds in your account if the market moves against you;
- you will not attempt to undermine Monfex’s security, Site, or services;
- you will not use or misuse the Site or its services;
- you will not be involved in any market manipulation;
- you understand that all trades are final and cannot be amended or reversed;
- you understand that it is your obligation to continuously monitor ensure that your margin balance is sufficient for margin trading;
- you execute trades and use the Site at your own risk;
- you understand that Monfex reserves the right close your account and liquidate any positions if Monfex determines that information provided to Monfex is not factual or non-compliance with any of these Terms;
- you are not a resident of the United States of America, Saint Vincent and the Grenadines, Iran, Syria, North Korea, Sudan, Cuba, or any other jurisdiction where Monfex services are not offered.
Monfex reserves the right to change or discontinue the use of its Services.
Monfex reserves the right to close your account or impose trading limits for any reason at any time without providing further explanation. If Monfex decides to close your account, Monfex may provide advance notice in order for you to liquidate any open positions. If positions are not liquidated during the notice period, Monfex will liquidate the position(s) for you and return any remaining balance to the original source from which the deposit was made. If Monfex suspects any suspicious activity on your account, Monfex may restrict deposits, withdrawals, trading, or any changes on or to your account.
It is your responsibility to provide Monfex with a correct wallet address for withdrawals and to use the proper wallet address when funding your account. Monfex is not responsible and accepts no liability for incorrect transactions arising from User error.
Monfex reserves the right to verify your identity at any time.
Monfex is not responsible for any losses incurred due to any restrictions, liquidations, reversals, and/or trading halts for any reason.
Deposits and withdrawals are converted at the prevailing rates at the time of transaction.
Monfex does not make any warranties about and is not responsible for any losses suffered due to the accuracy, timeliness, completeness, or availability of any data on the Site.
If you disagree or cannot comply with any of the Terms or Monfex policies, do not use the Site.
POTENTIAL DISRUPTION OF SERVICE
Access to the Site may from time to time be unavailable, delayed, limited or slowed due to, among other things:
hardware failure, including among other things failures of computers (including your own computer), servers, networks, telecommunication lines and connections, and other electronic and mechanical equipment; software failure, including among other things, bugs, errors, viruses, configuration problems, incompatibility of systems, utilities or applications, the operation of firewalls or screening programs, unreadable codes, or irregularities within particular documents or other content; overload of system capacities; damage caused by severe weather, earthquakes, wars, insurrection, riots, civil commotion, act of God, accident, fire, water damage, explosion, mechanical breakdown or natural disasters; interruption (whether partial or total) of power supplies or other utility of service; strike or other stoppage (whether partial or total) of labor; governmental or regulatory restrictions, exchange rulings, court or tribunal orders or other human intervention; or any other cause (whether similar or dissimilar to any of the foregoing) whatsoever beyond the control of Monfex.
If access to this Site is unavailable, delayed or limited, or if this Site does not operate quickly and efficiently, you may be unable to transmit your instructions for transactions and other matters, or such instructions may not be promptly executed, or you may be unable to retrieve information on a timely basis. If your operations are dependent on such communications with Monfex, and such communications are disrupted or delayed, you may suffer losses.
Visiting the Site or sending emails to Monfex constitute electronic communications.
You consent to receive electronic communications and you agree that all agreements, notices, disclosures, and other communication that we provide to you electronically, via email, and on the Site satisfy any legal requirement that such communications must be in writing.
All emails (or other messages) we send are intended for the addressee only.
You agree to indemnify, defend, and hold harmless Monfex, its officers, directors, employees, owners, agents, and third parties for any losses, costs, liabilities, and expenses (including reasonable attorneys’ fees) relating to or arising out of your use of or inability to use the Site, any User posting made by you, your violation of any Terms or your violation of any rights to a third party, or your violation of any applicable laws, rules, or regulations.
Monfex reserves the right, at its cost, to assume the exclusive defense and control of any matter otherwise subject to indemnification by you, in which even you will fully cooperate with Monfex in asserting any available defenses.
Monfex reserves the right, in its sole discretion, to terminate your access to the Site and the related services or any portion thereof at any time, without notice. To the maximum extent permitted by law, this Agreement is governed by the laws of Saint Vincent and the Grenadines and you hereby consent to the exclusive jurisdiction and venue of the courts in Saint Vincent and the Grenadines in all disputes arising out of or relating to the use of the Site.
Use of the Website is unauthorized in any jurisdiction that does not give effect to all provisions of these Terms, including, without limitation, this section.
Customer agrees that no joint venture, partnership, employment, or agency relationship exists between you and Monfex as a result of these Terms or use of the Site. Monfex’s performance of these Terms is in derogation of Monfex right to comply with governmental, court, and law enforcement requests or requirements relating to your use of the Site or information provided to or gathered by Monfex with respect to such use.
If any part of these Terms is determined to be invalid or unenforceable pursuant to applicable law including, but not limited to, the warranty disclaimers and liability limitations set forth above, then the valid or unenforceable provision will be deemed superseded by a valid, enforceable provisions that most closely match the intent of the original provision and the remainder of the Terms shall continue in effect.
Unless otherwise specified herein, these Terms constitute the entire agreement between the User and Monfex with respect to the Site and it supersedes all prior or contemporaneous communications and proposals, whether electronic, oral or written, between the User and Monfex with respect to the Site.
THIRD PARTY-SITES OR THIRD-PARTY SERVICES
The Site may contain links to other websites (“Linked Sites”). Linked Sites are not under the control of Monfex and Monfex is not responsible for the contents of any Linked Site, including without limitation any link contained in a Linked Site or any changes or updates to a Linked Site. Monfex is providing these links only as a convenience and the inclusion of any link does not imply endorsement by Monfex of the Linked Site or any of its operators. Certain services and information made available via the Site including, but not limited to, market data is delivered by third-party sites and organizations. Monfex does not make any warranties about the accuracy, timeliness, completeness, or availability of market data. By using any product, service, or functionality originating from the Site, you acknowledge and consent that Monfex may share such information and data with any third party with whom Monfex has a contractual relationship.
NO UNLAWFUL OR PROHIBITED USE OF INTELLECTUAL PROPERTY
Customers are granted a non-exclusive, not-transferable revocable license to access and use the Site strictly in according with these Terms. As a condition of your use of the Site, you warrant to Monfex that you will not use the Site for any purpose that it is unlawful or prohibited by these Terms.
You may not use the Site in any manner that could damage, disable, overburden, or impair the Site or interfere with any other party’s use and enjoyment of the Site.
You may not obtain or attempt to obtain any materials or information through any means not intentionally made available or provided for or through the Site.
All content included as part of the Service, such as text, graphics, logos, images, as well as the compilation therefore and any software used on the Site is the property of Monfex or its suppliers and are protected by copyright and other laws that protect intellectual property and proprietary rights.
You agree to observe and abide by all copyright and other proprietary notices, legends, or other restrictions contained in any such content and will not make any changes thereto.
You will not modify, publish, transmit, reverse engineer, participate in the transfer or sale, create derivative works, or in any way exploit any of the content, in whole or in part, found on the Site.
Monfex content is not for resale.
Your use of the Site does not entitle you to make any unauthorized use of any protected content, and you will not delete or alter any proprietary rights or attribution notices in any content.
You will use protected content solely for your personal use and will make no other use of the content without the express written permission of Monfex and the copyright owner.
You agree that you do not acquire any ownership rights in any protected content.
We do not grant any licenses, express or implied, to the intellectual property of Monfex or our licensors except as expressly authorized by these Terms.
All trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Carefully consider your investment objectives, experience level, and risk tolerance. Educate yourself on the risks associated with trading and seek advice from an independent financial and/or tax professional.
The information, software, products, and services included in or available through the Site may include inaccuracies or typographical errors. Changes are periodically added to the information herein.
Monfex and/or its suppliers may make improvements and/or changes to the site at any time.
Monfex and/or its suppliers make no representations about the suitability, reliability, availability, timeliness, and accuracy of the information, software products, services and related graphic contained on the site for any purpose. To the maximum extent permitted by applicable law, all such information, software, products, services, and related graphics are provided “as is” without warranty or condition of any kind. Monfex and/or its suppliers hereby disclaim all warranties and conditions with regard to this information, software, products, services, and related graphics, including all implied warranties or conditions of merchantability, fitness for a particular purpose, title, and non-infringement.