World Markets Disclaimer

TERMS OF USE

Last Revised: May 10, 2018

Please note: The only changes made by this update to the Terms of Use are: (i) to reflect that fact World Markets, Inc. converted from a corporation to a limited liability company and is now World Markets,  and (ii) update the address for delivery of notices.

THESE TERMS OF USE CONTAIN A BINDING ARBITRATION CLAUSE AND CLASS ACTION WAIVER THAT IMPACT YOUR RIGHTS ABOUT HOW TO RESOLVE DISPUTES. PLEASE READ IT CAREFULLY.

By accessing or using the World Markets website and located at https://World Markets.io respectively (the “Site”) and any services made available through the Site and affiliated websites such as https://wm.worldmarkets.io (collectively, the “Services”), you (“User” and collectively with others using the platform “Users”) agree to be bound by these Terms of Use (“Terms”). The Services are owned and controlled by World Markets, , a St. Vincent corporation (“World Markets”), and the terms “we,” “us,” and “our” refer to World Markets, . These Terms affect your legal rights and obligations, including but not limited to the binding arbitration provisions contained in Section 23 below that may significantly affect your legal rights, including your right to file a lawsuit in court and to have a jury hear your claims. If you do not agree to be bound by these Terms, do not access or use the Services.

World Markets reserves the right to change or modify the terms and conditions contained in these Terms, including but not limited to any policy or guideline of the Site, at any time and at its sole discretion. We will provide notice of these changes by posting the revised Terms to the Site and changing the “Last Revised” date at the top of the Terms, or by emailing Users at their provided email addresses, or by any other means as determined by World Markets. Method of notification will be left to World Markets sole discretion. Using a particular form of notice in some instances does not obligate us to use the same form in other instances. Any changes or modifications will be effective immediately upon posting the revisions to the Site or at the instant that World Markets transmits the information to the Users (e.g. via email). These changes will apply at that instant to all then current and subsequent uses of the Site. You waive any right you may have to receive specific notice of such changes or modifications. Your continued use of this Site acts as acceptance of such changes or modifications. If you do not agree to the Terms in effect when you access or use the Site, you must stop using the Site.

PREAMBLE

World Markets provides an online service (the “Platform”) that allows Users to exchange between themselves different blockchain tokens, which are data that typically represents transaction, access, or other participation rights on corresponding blockchain networks (collectively, “Tokens”). World Markets may make available to Users other ancillary services to facilitate the exchange of tokens like lending, limit orders, and stop orders.

  1. ELIGIBILITY

By accessing or using the Site, you represent and warrant that you are at least 18 years old and have not previously been suspended or removed from the Site. You also represent and warrant that you are not a resident of the United States.

You represent and warrant that you are not: (a) located in, under the control of, or a national or resident of any country to which the United States has embargoed goods or services, (b) identified as a “Specially Designated National,” or (c) placed on the Commerce Department’s Denied Persons List. You further represent and warrant that you will not use the Site if the laws of your country prohibit you from doing so in accordance with these Terms.

Finally, you represent and warrant that you will not be using this site for any illegal activity, including but not limited to illegal gambling, money laundering, fraud, blackmail, extortion, ransoming data or the financing of terrorism, or other violent activities.

Notwithstanding the foregoing, World Markets may not make the Services, in whole or in part, available in every market, either in its sole discretion or due to legal or regulatory requirements, depending on the User’s location.

  1. ACCOUNT AND INITIAL FUNDING; THIRD PARTY TRANSFERS

In order to access and use the Services, you must create an account with World Markets (an “Account”). You agree to: (a) provide accurate, current and complete information when creating the Account; (b) maintain and promptly update your Account information to keep it accurate, complete, and current; (c) maintain the security and confidentiality of your login credentials and restrict access to your Account and your computer, tablet, or mobile device; (d) promptly notify World Markets if you discover or otherwise suspect any security breaches related to the Site or your Account; and (e) take responsibility for all activities that occur under your Account and accept all risks of unauthorized access.

You must provide World Markets with a valid email address to create an Account. You agree to keep your email address on file with us updated. You may withdraw your consent to receive emails by sending a withdrawal notice to World Markets, understanding that World Markets may suspend or terminate your ability to use the Services. You understand and agree that if World Markets sends you an electronic communication but you do not receive it because your email address on file is incorrect or out of date, or because our email is blocked by your service provider or intercepted by your spam filter, or you are otherwise unable to receive electronic communications, World Markets will be deemed to have provided the communication to you regardless.

World Markets does not allow Users to exchange Tokens for money; Users can only exchange Tokens for other Tokens. In order to fund your Account and begin trading, you will need to first procure Tokens. Once procured, you must send Tokens to the address provided by World Markets and wait for the balance to appear in your Account. It is your responsibility to ensure you send Tokens to the correct address provided for that particular Token, else your funds may never be recovered. World Markets makes no representations or warranties regarding the amount of time that may be required to complete transfer of your Tokens from a third party wallet or other source and have such Tokens become available in your Account.

When you elect to transfer Tokens from your Account to a third party wallet or other location, it is always possible the party administering the new location may reject your transfer or that the transfer may fail due to technical or other issues affecting our platform. You agree that you shall not hold World Markets liable for any damages arising from a rejected transfer.

World Markets reserves the right to limit the number of Accounts that any User or such User’s affiliates can open or hold.

  1. PRIVACY POLICY

Your privacy is important to us. We only share your information with third parties as outlined in our Privacy Policy or as required to do so by law enforcement, court order, or in compliance with identity verification or legal reporting obligations in World Markets sole judgment.

  1. CONFIDENTIALITY OF THE TRANSMISSION OF INFORMATION OVER THE INTERNET

The transmission of data or information (including communications by e-mail) over the Internet or other publicly accessible networks may not always be secure, and is subject to possible loss, interception, or alteration while in transit. Accordingly, World Markets does not assume any liability, without limitation, for any loss or damage you may experience or costs you may incur as a result of any transmissions over the Internet or other publicly accessible networks, including but not limited to transmissions involving the Platform or e-mail with World Markets containing your personal information. While World Markets will take commercially reasonable efforts to safeguard the privacy of the information you provide to World Markets and will treat such information in accordance with World Markets Privacy Policy, in no event will the information you provide to World Markets be deemed to be confidential, create any fiduciary obligations for World Markets, or result in any liability for World Markets in the event that such information is negligently released by World Markets or accessed by third parties without World Markets consent.

  1. RISK DISCLOSURE STATEMENT

World Markets provides an execution-only service and does not advise on the merits of any particular transactions or their tax consequences. As a general matter, Users should be aware of the following prior to utilizing our Services.

Trading Tokens can be extremely risky. Each particular Token has a unique feature set that makes it more or less likely to fluctuate in value. In addition, factors beyond World Markets control may affect market liquidity for a particular Token, such as regulatory activity, market manipulation, or unexplainable price volatility. Blockchain networks may go offline as a result of bugs, hard forks, or a number of other unforeseeable reasons. World Markets does not assume the risk of losses due to trading or due to factors beyond its control regarding the viability of specific blockchain networks. As a general matter, we advise Users with limited trading experience and low risk tolerance not to engage in active trading. Speculating on the value of Tokens is high risk and Users should never trade more than they can afford to lose.

Understanding Tokens requires advanced technical knowledge. Tokens are often described in exceedingly technical language that requires a comprehensive understanding of applied cryptography and computer science in order to appreciate inherent risks. Listing of a Token on World Markets does not indicate approval or disapproval of the underlying technology regarding any Token, and should not be used as a substitute for your own understanding of the risks specific to each Token. We give you no warranty as to the suitability of the Tokens traded under these Terms and assume no fiduciary duty in our relations with you.

You accept the risk of trading Tokens. In entering into any transaction on the Platform, you represent that you have been, are, and will be solely responsible for making your own independent appraisal and investigations into the risks of the transaction and the underlying Tokens. You represent that you have sufficient knowledge, market sophistication, professional advice and experience to make your own evaluation of the merits and risks of any transaction or any underlying Token.

You are responsible for complying with applicable law. You agree that World Markets is not responsible for determining whether or which laws may apply to your transactions, including tax law. You are solely responsible for reporting and paying any taxes arising from your use of the Services.

You are aware of and accept the risk of operational challenges. World Markets may experience sophisticated cyber attacks, unexpected surges in activity, or other operational or technical difficulties that may cause interruptions in the Service. You understand that the Service may experience operational issues that lead to delays on our platform. You agree to accept the risk of transaction failure resulting from unanticipated or heightened technical difficulties, including those resulting from sophisticated attacks. You agree not to hold World Markets accountable for any related losses.

World Markets does not advise on trading risk. If at any point World Markets or its representatives do provide trading recommendations, market commentary, or any other information, the act of doing so is incidental to your relationship with us and imposes no obligation of truth or due diligence on behalf of World Markets or its representatives.

World Markets is a regulated entity and must comply with applicable law. Applicable law, regulation, and executive orders may require World Markets to, upon request by government agencies, freeze withdrawals or trading (or both), or provide information regarding your account. Further, our recordkeeping and customer verification procedures are subject to change at any time as required by law or industry practices. We must comply with the law and you accept any inconveniences to you or other consequences resulting from our compliance.

Users accept all consequences of sending Tokens to an address off our platform. Token transactions may not be reversible. Once you send Tokens to an address, you accept the risk that you may lose access to your Tokens indefinitely. For example, an address may have been entered incorrectly and the true owner of the address may never be discovered, or an address may belong to an entity that will not return your Tokens, or an address belongs to an entity that may return your Tokens but first requires action on your part, such as verification of your identity.

  1. MARGIN TRADING

Margin trading on World Markets is HIGH RISK. As a borrower, you may sustain a total loss of Tokens, or owe Tokens beyond what you have deposited to your Account. The high volatility and substantial risk of illiquidity in markets means that you may not always be able to liquidate your position.

You agree to maintain a sufficient amount of Tokens at all times to meet World Markets minimum balance requirements, as such requirements may be modified from time to time. If the value of the assets in your Account falls below the minimum balance requirement or World Markets determines, at its sole discretion, that your Account appears to be in danger of defaulting on a loan, World Markets may seize and liquidate any or all of your positions and assets on any balance in your Account in order to settle your debt to other Users. If, after your positions and assets are liquidated, your Account still contains insufficient Tokens to settle your debts to other Users, you will be responsible for any additional Tokens owed. Intentionally defaulting on a loan may result in World Markets reporting your activities to authorities and/or in legal prosecution.

Although World Markets takes several precautions to prevent a User from defaulting on a loan, the high volatility and substantial risk of illiquidity in markets means that World Markets cannot make any guarantees to any Users using the Services against default. When you lend Tokens to other Users, you risk the loss of an unpaid principal if the borrower defaults on a loan and liquidation of the borrower’s Account fails to raise sufficient Tokens to cover the borrower’s debt.

Under certain market conditions, you may find it difficult or impossible to liquidate a position. This can occur, for example, if there is insufficient liquidity in the market or due to technical issues on our platform. Placing contingent orders, such as “stop-loss” or “stop-limit” orders, will not necessarily limit your losses to the intended amounts, since market conditions may make it impossible to execute such orders. The use of leverage can work against you as well as for you and can lead to large losses as well as gains.

All Users understand that the technology underlying Tokens is subject to change at any time, and such changes may affect your assets stored on our platform. You claim full responsibility for monitoring such technological changes and understanding their consequences for your Tokens. Users conduct all trading, margin trading, lending, and/or borrowing on their own account and World Markets does not take any responsibility for any loss or damage incurred as a result of your use of any Services or your failure to understand the risks involved in Token use generally or your use of our Services.

  1. LIMITED LICENSE; FEES

World Markets grants you a limited, nonexclusive, nontransferable license, subject to these Terms, to access and use the Services, and the content, materials, information, and functionality available in connection therewith (collectively, the “Content”) solely for information, transactional, or other approved purposes as expressly permitted by World Markets from time to time. Any other use of the Services or Content is expressly prohibited. All other rights in the Platform or Content are reserved by us and our licensors. You will not otherwise copy, transmit, distribute, sell, resell, license, de-compile, reverse engineer, disassemble, modify, publish, participate in the transfer or sale of, create derivative works from, perform, display, incorporate into another website, or in any other way exploit any of the Content or any other part of the Services or any derivative works thereof, in whole or in part for commercial or non-commercial purposes. Without limiting the foregoing, you will not frame or display the Site or Content (or any portion thereof) as part of any other web site or any other work of authorship without the prior written permission of World Markets. If you violate any portion of these Terms, your permission to access and use the Platform may be terminated immediately pursuant to these Terms. In addition, we reserve the right to avail ourselves of all remedies available at law and in equity for any such violation. “World Markets.com”, “World Markets”, and all logos related to the Services or displayed on the Site are either trademarks or registered marks of World Markets or its licensor. You may not copy, imitate or use them without World Markets prior written consent.

In consideration for the use of the Services, you agree to pay to World Markets the fees for completed trades, as set forth in our fee schedule, which World Markets may revise or update in its sole discretion from time to time. You authorize World Markets to deduct any applicable fees from your Account at the time you make a given transaction. Changes to the fee schedule are effective as of the date set forth in any revision and will apply prospectively from that date forward.

World Markets does not, as a general rule, participate in promotions without an official pronouncement, either on our Site or elsewhere. You promise to obtain prior written approval prior to releasing any statements, written media releases, public announcements and public disclosures, including promotional or marketing materials, relating to World Markets.

  1. COPYRIGHT INFRINGEMENT

If you believe anything on the Site infringes upon any copyright which you own or control, you may file a notification of such infringement with our Designated Agent as set forth below.

info@worldmarkets.io
Attn: Copyright Agent

You should note that if you knowingly misrepresent in your notification that the material or activity is infringing, you will be liable for any damages, including costs and attorneys’ fees, incurred by us or the alleged infringer as the result of our relying upon such misrepresentation in removing or disabling access to the material or activity claimed to be infringing.

  1. ATTACKS ON BLOCKCHAIN NETWORKS

World Markets does not have any ability to prevent or mitigate attacks on blockchain networks. With respect to its platform, World Markets reserves the right to take the following commercially reasonable actions in the event of an attack: (i) If World Markets is able to confirm that a Token active on the Platform has been compromised or is under attack, World Markets may immediately halt trading, deposits, and withdrawals for such Token; (ii) if it is determined that such an attack caused the Token to greatly decrease in value, World Markets may discontinue trade activity on such Token entirely. World Markets does not have any obligation to engage in activity in relation to attacks on blockchain networks.

Resolutions concerning deposits, withdrawals, and User balances for an attacked Token will be determined on a case-by-case basis by World Markets in its sole discretion. World Markets makes no representation and does not warrant the safety of the Platform and is not liable for any lost value or stolen property, whether or not World Markets was negligent in providing the proper security.

  1. Anti-Money Laundering (AML) & Know Your Customer (KYC) Policy

World Markets protects itself from involvement in any activity that facilitates money laundering or other criminal activities by following the FinCEN guidance for MSBs operating in the United States. World Markets aims to reasonably identify each User by cross-checking User data against governmental watch lists such as the Specially Designated Nationals and Blocked Persons List (“SDN”) maintained by the Office of Foreign Assets Control

World Markets utilizes a 3rd party identity verification and authentication services. If a User or a User’s transaction is flagged as suspicious through our internal controls, World Markets will require additional proof of identification from the User and has the right to not permit any trades, deposits, and/or withdrawals until additional and verifiable proof of identity satisfactory to World Markets in its sole discretion is received and World Markets has approved the User for use of the Platform.

By agreeing to our Terms, you acknowledge and understand that World Markets maintains verification levels which require User participation and verification in order to obtain, with leveled permissions based on User-supplied information, our ability to verify it, and our internal policies. You accept that you may not be able to achieve a desired level of verification, and World Markets reserves the right to determine, at its sole discretion, the appropriate verification level and criteria for any User, as well as the right to downgrade Users without prior notice. World Markets may, from time to time, implement policies restricting verification levels and criteria by nationality, country of residence, or any other factor. This may affect your ability to withdraw Tokens and you agree to indemnify, defend and hold harmless World Markets against any losses associated with an inability to deposit and/or withdraw Tokens based on the verification level assigned by World Markets to your Account.

  1. THIRD PARTY CONTENT

World Markets and its Users may provide third party content on the Site and may provide links to web pages and content that are not owned or controlled by World Markets (collectively the “Third Party Content”) as a service to those interested in this information. World Markets does not control, endorse, or adopt any Third Party Content and makes no representation or warranties of any kind regarding the Third Party Content, including but not limited to its accuracy or completeness. You acknowledge and agree that World Markets is not responsible or liable in any manner for any Third Party Content and undertakes no responsibility to update or review any Third Party Content. You acknowledge that your use of such Third Party Content is at your own risk. Your business dealings or correspondence with, or participation in promotions of, any third parties, and any terms, conditions, warranties, or representations associated with such dealings or promotions, are solely between you and such third parties. World Markets is not responsible or liable for any loss or damage of any sort incurred as the result of any such dealings or promotions or as the result of the presence of such Third Party Content on the Site.

  1. COPYRIGHT OF FEEDBACK MATERIALS

You acknowledge and agree that any materials, including but not limited to questions, comments, feedback, suggestions, ideas, plans, notes, drawings, original or creative materials or other information or commentary you provide on our platform or one of our social media accounts, regarding World Markets or the Services (collectively, “Feedback”) that are provided by you, whether by email, posting to the Site or otherwise, are non-confidential and will become the sole property of World Markets. World Markets will own exclusive rights, including all intellectual property rights, and will be entitled to the unrestricted use and dissemination of such Feedback for any purpose, commercial or otherwise, without acknowledgment or compensation to you.

  1. USER CONDUCT AND OBLIGATIONS

In connection with your use of the Services and in addition to the list of prohibited activities in Section 1 above, you will not:

  • Violate or assist any party in violating any law, statute, ordinance, regulation or any rule of any self-regulatory or similar organization of which you are or are required to be a member through your use of the Services;
  • Provide false, inaccurate, incomplete or misleading information;
  • Infringe upon World Markets or any third party’s copyright, patent, trademark, or intellectual property rights;
  • Distribute unsolicited or unauthorized advertising or promotional material, any junk mail, spam, or chain letters;
  • Use a web crawler or similar technique to access our Services or to extract data,
  • Reverse engineer or disassemble any aspect of the Site or Services in an effort to access any source code, underlying ideas and concepts, and algorithms;
  • Take any action that imposes an unreasonable or disproportionately large load on our infrastructure, or detrimentally interfere with, intercept, or expropriate any system, data, or information;
  • Transmit or upload any material to the Site that contains viruses, Trojan horses, worms, or any other harmful or deleterious programs;
  • Otherwise attempt to gain unauthorized access to the Site, other World Markets Accounts, computer systems or networks connected to the Site, through password mining or any other means; or
  • Transfer any rights granted to you under these Terms.
  1. NO TRANSFERABILITY

While the Account and the Services provided to a User are not transferable under any circumstance and shall be used only by the User, World Markets shall have the right to transfer, assign, or sell all the rights, benefits, or obligations to any person and these Terms shall continue to be in force and effect for the benefit of the successors and assigns of World Markets or its lenders, if any.

  1. ELECTRONIC TRADING TERMS

World Markets does not own or control any of the underlying software through which blockchain networks are formed and Tokens are created and transacted. In general, the underlying software for blockchain networks tends to be open source such that anyone can use, copy, modify, and distribute it. By using the Services, you acknowledge and agree (i) that World Markets is not responsible for operation of the underlying software and networks that support Tokens and that World Markets makes no guarantee of functionality, security, or availability of such software and networks; and (ii) that the underlying protocols are subject to sudden changes in operating rules (a/k/a “Forks”), and that such Forks may materially affect the value, function, and/or even the name of the Tokens you store in your Account. In the event of a Fork, you agree that World Markets may temporarily suspend the Services (with or without advance notice to you) and that World Markets may, in its sole discretion, (a) configure or reconfigure its systems or (b) decide not to support (or cease supporting) the Forked network entirely, provided, however, that you will have an opportunity to withdraw Tokens on at least one of still existent underlying networks. You acknowledge and agree that World Markets assumes absolutely no responsibility whatsoever in respect of any underlying software protocols, whether Forked or not.

World Markets may delist a Token at any time in its sole discretion based on a number of factors, one of which may include changes in a given Token’s characteristics after World Markets has listed the Token.

A transaction on the Platform may fail for several reasons, including but not limited to change in seller prices, insufficient margin, or unanticipated technical difficulties. We make no representation or warrant that any transaction will be executed properly. World Markets is under no circumstances liable for any loss or injury suffered by a failure of a transaction to complete properly or in a timely manner. Further, World Markets is in no way responsible for notifying you of a transaction failure. The User has full responsibility to determine and inquire into the failure of any transaction the User initiates.

In the event that you receive any data, information, or software through our Services other than that which you are entitled to receive pursuant to these Terms, you will immediately notify us and will not use, in any way whatsoever, such data, information, or software. If you request a withdrawal of Tokens and we cannot comply with it without closing some part of your open positions, we will not comply with the request until you have closed sufficient positions to allow you to make the withdrawal.

World Markets may refuse to execute a trade, impose trade amount limits or restrictions at any time in its sole discretion without notice. Specifically, World Markets reserves the right to refuse to process, or the right to cancel or reverse, any transaction or disable a User’s deposit address on the Platform where World Markets suspects the transaction involves money laundering, terrorist financing, fraud, or any other type of crime or if World Markets suspects the transaction relates to a prohibited use as stated in our Terms, including transactions involving the opening of an Account and subsequent closure without any actual trading occurring. World Markets provides deposit Accounts to enable trading using the Services and does not allow Users to use such Accounts as a web wallet or address changing service. We reserve the right to halt deposit activity at our sole discretion. While World Markets may in its discretion reverse a trade, a User may not change, withdraw, or cancel its authorization to make a transaction, except with respect to partially filled orders.

World Markets may correct, reverse, or cancel any trade impacted by an error in processing your purchase or otherwise. Your remedy in the event of an error will be limited. You may seek to cancel your order or obtain a refund of any amounts charged to you, although we cannot guarantee such cancellations or refunds will always be possible.

World Markets provides its Users with a platform that allows their orders to be matched with the orders of other Users. Orders may be partially filled or may be filled by a number of orders, depending on the trading activity at the time an order is placed.

The Tokens that are available for purchase through the Services may be subject to high or low transaction volume, liquidity, and volatility at any time for potentially extended periods. You acknowledge that while we are using commercially reasonable methods to provide exchange rate information to you through our Services, the exchange rate information we provide may differ from prevailing exchange rates made available by third parties. Similarly, the actual market rate at the time of your trade may be different from the indicated prevailing rate depending on the velocity of trading in the Tokens involved in your trade. You agree that World Markets is not liable for price fluctuations or differences in actual versus indicated rates.

  1. PERMANENT WITHDRAWAL OF SERVICE

World Markets may (a) suspend or terminate your access to the Services, and (b) deactivate or cancel your Account as required by a valid subpoena or court order, or if World Markets suspects you or others of using your Account in furtherance of illegal activity. You will be permitted to transfer Tokens associated with your Account for ninety (90) days after Account deactivation or cancellation unless such transfer is otherwise prohibited (i) under the law, or (ii) by a valid subpoena or court order. If any transaction is in a pending state at the time your Account is cancelled or suspended, such transaction may be cancelled and/or refunded as appropriate. You may not cancel your Account if World Markets believes in its sole discretion that such cancellation is being performed in an effort to evade an investigation or avoid paying any amounts otherwise due to World Markets. Upon cancellation of your Account, you authorize World Markets to cancel or suspend pending transactions and, after providing electronic notice to you, return the Tokens associated with such transactions to the wallet address you provide to World Markets. In the event that you or World Markets terminates this agreement or your access to the Services, or deactivates or cancels your Account, you will remain liable for all amounts due hereunder. In the event that a technical problem causes system outage or Account errors, World Markets may temporarily suspend access to your Account until the problem is resolved.

  1. OWNERSHIP OF TOKENS

You hereby certify to us that any Tokens used by you in connection with the Platform are either owned by you or that you are validly authorized to carry out transactions using such Tokens, and that all transactions initiated with your Account are for your own Account and not on behalf of any other person or entity.

  1. INDEMNIFICATION

You agree to indemnify, defend and hold World Markets, its affiliates and service providers, and each of their respective officers, directors, agents, joint ventures, employees, and representatives, harmless from any claim or demand (including attorneys’ fees and costs and any fines, fees or penalties imposed by any regulatory authority) arising out of or related to (i) your breach of these Terms, (ii) your use of Services, or (iii) your violation of any law, rule, or regulation, or the rights of any third party.

  1. DISCLAIMER OF WARRANTIES

WORLD MARKETS PROVIDES NO GUARANTEE AS TO THE PERFORMANCE OR THE UNINTERRUPTED AVAILABILITY OF THE SERVICES. THE SERVICES ARE PROVIDED ON AN “AS IS,” “AS AVAILABLE” BASIS WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED. WORLD MARKETS DISCLAIMS ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING, WITHOUT LIMITATION, IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE AND NON-INFRINGEMENT WITH RESPECT TO THE SERVICES. WORLD MARKETS DOES NOT REPRESENT OR WARRANT THAT THE SERVICES AND THE INFORMATION CONTAINED THEREIN ARE ACCURATE, COMPLETE, RELIABLE, CURRENT OR ERROR-FREE. WORLD MARKETS WILL MAKE REASONABLE EFFORTS TO ENSURE THAT TRANSACTIONS ON THE PLATFORM ARE PROCESSED IN A TIMELY FASHION, BUT MAKES NO REPRESENTATIONS OR WARRANTIES WITH RESPECT TO THE AMOUNT OF TIME NEEDED TO PROCESS SUCH TRANSACTIONS. BECAUSE TOKEN TRANSFERS ON AND OFF THE PLATFORM ARE DEPENDENT UPON MANY FACTORS OUTSIDE OF OUR CONTROL INCLUDING DENIAL OF SERVICE ATTACKS AND THE LIQUIDITY OF THE TOKENS TRADED ON OUR PLATFORM, AMONG OTHER FACTORS, WORLD MARKETS MAKES NO REPRESENTATIONS OR WARRANTIES REGARDING THE SUCCESS OF, OR THE AMOUNT OF TIME NEEDED FOR, TOKEN TRANSACTIONS. YOU ALSO ACKNOWLEDGE THAT ANY INFORMATION THAT YOU STORE OR TRANSFER USING THE SERVICES MAY BECOME IRRETRIEVABLY LOST OR CORRUPTED OR TEMPORARILY UNAVAILABLE DUE TO A VARIETY OF CAUSES, INCLUDING SOFTWARE FAILURES, THIRD PARTY PROTOCOL CHANGES, INTERNET OUTAGES, THIRD PARTY DENIAL OF SERVICE ATTACKS, ACTS OF GOD OR UNSCHEDULED MAINTENANCE. YOU ARE ENCOURAGED TO BACK UP AND SAFEGUARD YOUR INFORMATION, INCLUDING LOGIN CREDENTIALS, AT ALL TIMES.

SOME JURISDICTIONS DO NOT ALLOW THE DISCLAIMER OF IMPLIED TERMS IN CONTRACTS WITH CONSUMERS, SO SOME OR ALL OF THE DISCLAIMERS IN THIS SECTION MAY NOT APPLY TO YOU.

Additionally, you acknowledge that World Markets does not act or serve as your broker, intermediary, agent, or advisor with respect to any transaction you make or propose to make using the Services and owes you no fiduciary duty.

  1. LIMITATION OF LIABILITY

TO THE MAXIMUM EXTENT PERMITTED BY LAW, WORLD MARKETS SHALL HAVE NO LIABILITY FOR ANY DAMAGES OF ANY KIND (INCLUDING WITHOUT LIMITATION INDIRECT, SPECIAL, INCIDENTAL, CONSEQUENTIAL, OR TORT DAMAGES, OR LOST PROFITS) IN CONNECTION WITH YOUR USE OF THE SERVICES, EVEN IF WORLD MARKETS HAS BEEN ADVISED OR IS AWARE OF THE POSSIBILITY OF SUCH DAMAGES. IN NO EVENT WILL WORLD MARKETS LIABILITY FOR MONEY DAMAGES UNDER THESE TERMS EXCEED THE AMOUNT OF FEES RECEIVED FROM YOU DURING THE PRECEDING SIX (6) MONTH PERIOD.

  1. APPLICABLE LAW AND VENUE

You agree that federal law and the laws of Massachusetts, without resorts to Massachusetts’s conflict of law provisions, apply. You agree that any legal or equitable claim arising out of or relating to your use of the Services or these Terms that is not subject to arbitration will be filed only in the state courts of St Vincent and the Grenadines. You irrevocably and unconditionally consent and submit to the exclusive jurisdiction of such courts over any suit, action, or proceeding arising out of these Terms.

  1. ARBITRATION

PLEASE READ THIS SECTION CAREFULLY – IT MAY SIGNIFICANTLY AFFECT YOUR LEGAL RIGHTS, INCLUDING YOUR RIGHT TO FILE A LAWSUIT IN COURT AND TO HAVE A JURY HEAR YOUR CLAIMS.

ADDITIONALLY, YOU HEREBY WAIVE YOUR RIGHT TO PARTICIPATE IN A CLASS ACTION LAWSUIT OR CLASS-WIDE ARBITRATION. We each agree that any dispute resolution proceedings will be conducted only on an individual basis and not in a class, consolidated or representative action. If for any reason a claim proceeds in court rather than in arbitration, we each waive any right to a jury trial. If a court or federal regulator with oversight over World Markets decides that applicable law precludes enforcement of any of this section’s limitations as to a particular claim for relief, then that claim (and only that claim) must be severed from the arbitration and may be brought in court, subject to your and World Markets right to appeal the court’s decision. All other claims will be arbitrated.

  1. SURVIVAL

Sections 12 (Third Party Content), 13 (Feedback), 19 (Indemnification), 20 (Disclaimer of Warranties), 21 (Limitation on Liability), 22 (Applicable Law and Venue), 23 (Arbitration), 24 (Survival), 25 (Severability), 26 (Integration), 27 (Force Majeure) and 28 (Governing Language and Translations) will survive any termination or expiration of these Terms.

  1. SEVERABILITY; WAIVER

If any provision of these Terms is deemed unlawful, void, or for any reason unenforceable, then that provision shall be deemed severable from these Terms and will not affect the validity and enforceability of any remaining provisions. Any delay or failure by World Markets to enforce any of its rights shall not constitute a continuing waiver of such rights.

  1. INTEGRATION

The failure of us to exercise or enforce any right or provision of these Terms shall not constitute a waiver of such right or provision. These Terms and any policies or operating rules posted by us constitutes the entire agreement and understanding between you and us and govern your use of the Services, superseding any prior or contemporaneous agreements, communications and proposals, whether oral or written, between you and us (including, but not limited to, any prior versions of these Terms). Any ambiguities in the interpretation of these Terms shall not be construed against the drafting party.

  1. FORCE MAJEURE

In addition to applicable disclaimers stated above, World Markets performance under these Terms shall be excused in the event of interruption and/or delay due to, or resulting from, causes beyond its reasonable control, including but not limited to acts of God, acts of any government, war or other hostility, civil disorder, the elements, fire, flood, snow storm, earthquake, explosion, embargo, acts of terrorism, power failure, equipment failure, industrial or labor disputes or controversies, acts of any third party data provider(s) or other third party information provider(s), third party software, or communication method interruptions.

  1. GOVERNING LANGUAGE AND TRANSLATIONS

You agree that these Terms, World Markets Privacy Policy, and other notices posted through the Services have been drafted in English. Although translations in other languages of any of the foregoing documents may be available, such translations may not be up to date or complete. Accordingly, you agree that in the event of any conflict between the English language version of the foregoing documents and any other translations thereto, the English language version of such documents shall govern.

  1. UNCLAIMED PROPERTY

If World Markets is unable to return your Tokens to a third party Account for you after a period of inactivity, World Markets may report and remit the Tokens to an applicable government agency pursuant to applicable escheatment or unclaimed property laws.

  1. QUESTIONS AND CONTACT INFORMATION

To contact support, email support@worldmarkets.io and open a ticket. Please provide all relevant information, including your World Markets Username and transaction IDs of any related deposits. Although we make no representations or provide no warranties about the speed of response, we will get back to you as soon as possible.

  • © World Markets. 2018 –St. Vincent and the Grenadines
 

The worldmarkets.io website located at https://worldmarkets.io is a copyrighted work belonging to World Markets.  Certain features of the Site may be subject to additional guidelines, terms, or rules, which will be posted on the Site in connection with such features.

All such additional terms, guidelines, and rules are incorporated by reference into these Terms.

TERMS OF SERVICE

Thank you for choosing WorldMarkets.io (the “Site“). The following terms and conditions of service (these “Terms of Service“) apply to users of the Site. You should read these Terms of Service carefully to determine which provisions apply to you. These Terms of Service should be read in conjunction with the World Markets Securities Disclaimer, Privacy Policy and the Cookies Policy. By using any of the services, functions, or features offered from time to time on the Site (collectively or individually, the “Services“), the user (referred to herein as “you” or “your“) agrees to these Terms of Service, World Markets Securities Disclaimer, Privacy Policy and the Cookies Policy (each of you and one of the following entities named in (a) or (b) being a “Party” and collectively, the “Parties“).

These Terms of Service constitute the entire agreement and understanding with respect to the use of any or all of the Services, and any manner of accessing them via the Site, between you and Bettencourt Friedman Capital Ltd. (“BFCL”), the owner and operator of WorldMarkets.io, and BFCL is a wholly owned subsidiary of Bettencourt Friedman Holdings Ltd. (“BFHL)

Important: Use only addresses generated or provided by and on the Site.

PLEASE REVIEW THE ARBITRATION PROVISION SET FORTH BELOW CAREFULLY, AS IT WILL REQUIRE ALL BFCL CUSTOMERS TO RESOLVE DISPUTES ON AN INDIVIDUAL BASIS THROUGH FINAL AND BINDING ARBITRATION. BY ENTERING THIS AGREEMENT, YOU EXPRESSLY ACKNOWLEDGE THAT YOU HAVE READ AND UNDERSTAND ALL OF THE TERMS OF THIS AGREEMENT AND HAVE TAKEN TIME TO CONSIDER THE CONSEQUENCES OF THIS IMPORTANT DECISION.

For the avoidance of doubt, these Terms of Service have two Parties: you and either WORLDMARKETS.IO or BFCL. The following documents are incorporated into these Terms of Service by reference: the Risk Disclosure Statement; the Anti-Spam Policy the Law Enforcement Requests Policy; and, the Fees Schedule. Also, the Terms of Service should be read in conjunction with the Privacy Policy and the Cookies Policy. In particular, please note that all transactions of Cryptocurrency and or tokens on or off the Site may be subject to fees levied by WorldMarkets.io as set out and updated in the Fees Schedule from time to time. In the event of any inconsistency between these Terms of Service and any other pages, policies, terms, conditions, licenses, limitations, or obligations contained within or on the Site, these Terms of Service shall prevail.

By creating a Cryptocurrency and or tokens Wallet on the Site or by using any of the Services, you acknowledge that you have read, understand, and completely agree to these Terms of Service, as updated and amended from time to time. If you do not agree to be bound by these Terms of Service or with any subsequent amendments, changes, or updates, you may not use any of the Services, and if you do use any of the Services you will be bound by the Terms of Service, as amended; your only recourse in the case of your unwillingness to be bound by these Terms of Service is to stop using all of the Services.

These Terms of Service may be amended, changed, or updated by WorldMarkets.io at any time and without prior notice to you. You should check back often on the Site to confirm that your copy and understanding of these Terms of Service is current and correct. Your non-termination or continued use of any Services after the effective date of any amendments, changes, or updates constitutes your acceptance of these Terms of Service, as modified by such amendments, changes, or updates.

The use of the Site and any Services is void where such use is prohibited by, would constitute a violation of, or would be subject to penalties under applicable Laws, and shall not be the basis for the assertion or recognition of any interest, right, remedy, power, or privilege.

  1. Interpretation:

1.1.Definitions: In these Terms of Service and all documents incorporated herein by reference, the following words have the following meanings unless otherwise indicated:

1.1.1.“Affiliate” means, in relation to either Party, a direct or indirect subsidiary of the Party, a holding company of the Party, and any other subsidiary of that holding company;

1.1.2.“AML” means anti-money laundering, including all Laws applicable to the Parties prohibiting money laundering or any acts or attempted acts to conceal or disguise the identity or origin of; change the form of; or move, transfer, or transport, illicit proceeds, property, funds, Fiat, or Cryptocurrency and or tokens, including but not limited to the promotion of any unlawful activity such as fraud, tax evasion, embezzlement, insider trading, financial crime, bribery, cyber theft or hack, narcotics trafficking, weapons proliferation, terrorism, or Economic Sanctions violations, which may also require internal controls to detect, prevent, report, and maintain records of suspected money laundering or terrorist financing;

1.1.3.“Anti-Corruption” means all Laws applicable to each Party prohibiting corruption or bribery of Government Officials, kickbacks, inducements, and other related forms of commercial corruption or bribery;

1.1.4.“Associates” means WORLDMARKETS.IO, BFCL, BFHL, and each and every one of their respective shareholders, directors, officers, Affiliates, employees, contractors, agents, partners, insurers, and attorneys who or that are acting or performing or has acted or performed services for the benefit of or on behalf of the Site;

1.1.5.“WorldMarkets.io” means:

1.1.5.1.where you are a U.S. Person, or your account would be regarded as a U.S. Account, or you make a deposit, withdrawal, or transfer of Fiat or Cryptocurrency and or tokens to, from, or through any U.S. Financial Institution to facilitate the provision of the Services, BFCL; and,

1.1.5.2.where you are not a U.S. Person, and your account would not be regarded as a U.S. Account, and you do not make a deposit, withdrawal, or transfer of Fiat or Cryptocurrency and or tokens to, from, or through any U.S. Financial Institution to facilitate the provision of the Services, WORLDMARKETS.IO;

1.1.6.“WorldMarkets.io Marks” has the meaning set out in paragraph 14 of these Terms of Service;

1.1.7.“BFCL Customer” has the meaning set out above at clause (a);

1.1.8.“WORLDMARKETS.IO Customer” has the meaning set out above at clause (b);

1.1.9.“Controlling Person” means any Person who owns more than a 25 percent interest in any Person or affiliate;

1.1.10.“CPR Rules” has the meaning set out in paragraph 10.2 of these Terms of Service;

1.1.11.“CRS” means the common reporting standard or the Standard for Automatic Exchange of Financial Account Information;

1.1.12.“CTF” means counter-terrorist financing;

1.1.13.“Cryptocurrency and or tokens” means a digital representation of value that functions as (i) a medium of exchange; (ii) a unit of account; (iii) a store of value, and/or (iv) other similar digital representations of rights or assets, which is neither issued nor guaranteed by any country or jurisdiction and does not have legal tender status in any country or jurisdiction, typically including blockchain-based assets or rights including sovereign cryptocurrency or virtual currency such as bitcoins, Litecoins, and ethers;

1.1.14.“Cryptocurrency and or tokens Address” means an alphanumeric identifier that represents a potential destination for a Cryptocurrency and or tokens transfer, which typically is associated with a user’s Cryptocurrency and or tokens Wallet;

1.1.15.“Cryptocurrency and or tokens Wallet” means a software application (or other mechanism) that provides a means for holding, storing, and transferring Cryptocurrency and or tokens, including a user’s Cryptocurrency and or tokens Address, Cryptocurrency and or tokens balance, and cryptographic keys;

1.1.16.“Economic Sanctions” means financial sanctions, trade embargoes, export or import controls, anti-boycott, and restrictive trade measures enacted, administered, enforced, or penalized by any Laws applicable to you or the Site;

1.1.17.“Eligible Contract Participant” has the meaning set out in Section 1a(18) of the United States Commodity Exchange Act and Rule 1.3 of the United States Commodity Futures Trading Commission, each as amended;

1.1.18.“FATCA” means the United States Foreign Account Tax Compliance Act, as enacted by Title V, Subtitle A of the Hiring Incentives to Restore Employment Act, P.L 111-147 (2010), as amended;

1.1.19.“FATCA IGA” means an intergovernmental agreement entered into by the United States and another jurisdiction to implement FATCA;

1.1.20.“FATF” means the Financial Action Task Force;

1.1.21.“FIA” means the Financial Investigation Authority of the British Virgin Islands;

1.1.22.“Fiat” means the money or currency of any country or jurisdiction that is:

1.1.22.1designated as legal tender; and,

1.1.22.2circulated, customarily used, and accepted as a medium of exchange in the country or jurisdiction of issuance;

1.1.23.“Financing Order Book” has the meaning set out in paragraph 3.7 of these Terms of Service;

1.1.24.“Financing Provider” means any provider of financing from and on her own account on the Site;

1.1.25.“Financing Recipient” means any recipient of financing from a Financing Provider on the Site;

1.1.26.“FinCEN” means the Financial Crimes Enforcement Network of the U.S. Department of the Treasury;

1.1.27.“Government” means any national, federal, state, municipal, local, or foreign branch of government, including any department, agency, subdivision, bureau, commission, court, tribunal, arbitral body, or other governmental, government appointed, or quasi-governmental authority or component exercising executive, legislative, juridical, regulatory, or administrative powers, authority, or functions of or pertaining to a government instrumentality, including any parasternal company, or state-owned (majority or greater) or controlled business enterprise;

1.1.28.“Government Approval” means any authorization, license, permit, consent, approval, franchise, concession, lease, ruling, certification, exemption, exception, or waiver by or with any Government necessary to conduct the business of either Party or the execution and delivery of the Services under this Terms of Service;

1.1.29.“Government Official” means an officer or employee of any Government, a director, officer, or employee of any instrumentality of any Government, a candidate for public office, a political party or political party official, an officer or employee of a public international organization, and any Person who is acting in an official capacity for any of the foregoing, even if such Person is acting in that capacity temporarily and without compensation;

1.1.30.“BFHL” means Bettencourt Friedman Holdings Ltd.;

1.1.31.“Laws” means all laws, statutes, orders, regulations, rules, treaties, and/or official obligations or requirements enacted, promulgated, issued, ratified, enforced, or administered by any Government that apply to you or the Site;

1.1.32.“Lien” has the meaning set out in paragraph 5 of these Terms of Service;

1.1.33.“Losses” has the meaning set out in paragraph 18 of these Terms of Service;

1.1.34.“OFAC” means Office of Foreign Assets Control of the U.S. Department of the Treasury;

1.1.35.“Person” includes an individual, association, partnership, corporation, other body corporate, trust, estate, and any form of organization, group, or entity cognizable as legal personalities;

1.1.36.“Prohibited Jurisdictions” means Cuba; Saint-Vincent and the Grenadines, Democratic People’s Republic of Korea (North Korea); Iran; Syria; Pakistan;

1.1.37.“Prohibited Use” has the meaning set out in paragraph 12 of these Terms of Service;

1.1.38.“Sanctions List” means the “Specially Designated Nationals and Blocked Persons” (“SDN”) List and the Non-SDN List, including the “Sectoral Sanctions Identifications List”, published by OFAC; the Section 311 Special Measures for Jurisdictions, Financial Institutions, or International Transactions of Primary Money Laundering Concern published by FinCEN; and, any other foreign terrorist organization or other sanctioned, restricted, or debarred party list published by the FIA, or under Economic Sanctions, AML, or CTF Laws of or by Governments of the United States, the British Virgin Islands, the United Nations, or any other jurisdiction or Government, as applicable to you or to the Site, as amended, supplemented, or substituted from time to time;

1.1.39.“Sanctioned Person” refers to any Person or Cryptocurrency and or tokens Address that is: (i) specifically listed in any Sanctions List; or (ii) directly or indirectly owned 50 percent or more by any Person or group of Persons in the aggregate, or a Cryptocurrency and or tokens Wallet associated with such Person or Persons, referred to in any Sanctions List, or Government or Government Official of any Prohibited Jurisdiction, and (iii) that is not subject to any Government Approval or otherwise not sanctioned, restricted, or penalized under applicable Laws;

1.1.40.“Terms of Service” means these terms and conditions of service, as they may be changed, amended, or updated from time to time, including the following Site policies and pages: the Risk Disclosure Statement; the Anti-Spam Policy; the Law Enforcement Requests Policy and, the Fee Schedule.

1.1.41.“Territory or Insular Possession of the United States” means the Commonwealth of Puerto Rico; the U.S. Virgin Islands; Guam; the Commonwealth of the Northern Mariana Islands; and all other territories and possessions of the United States, other than the Indian lands (as that term is defined in the Indian Gaming Regulatory Act);

1.1.42.“Trading Order Book” has the meaning set out in paragraph 3 of these Terms of Service;

1.1.43.“United States” means the several states of the United States and the District of Columbia;

1.1.44.“U.S. Account” means any account that is held by one or more U.S. Persons or non-U.S. entities that have one or more Controlling Persons who is a U.S. Person;

1.1.45.“U.S. Citizen or U.S. Resident” includes any U.S. citizen, U.S. lawful permanent resident, individual who meets the “substantial presence” test described in section 7701(b)(3) of the U.S. Internal Revenue Code of 1986 (as amended), protected individual under section 1324b(a)(3) of the U.S. Immigration and Nationality Act, or individual who holds a passport issued by the United States Government;

1.1.46.“U.S. Financial Institution” means any U.S. Person and any of its affiliates, branches, offices, or agents incorporated, organized, or located in the United States or Territory or Insular Possession of the United States that is engaged in the business of: (i) accepting deposits, (ii) making, granting, transferring, holding, or brokering remittances, loans, or credits, or (iii) purchasing or selling foreign exchange, securities, commodity futures or options, or procuring purchases and sellers thereof, whether as principal or agent, and this term applies to affiliates, branches, offices, and agencies of any foreign financial institution that are located in the United States or Territory or Insular Possession of the United States, but not such foreign financial institution’s affiliates, branches, offices, or agencies located outside the United States and Territory or Insular Possession of the United States;

1.1.47.“U.S. Person” means:

1.1.47.1.a U.S. Citizen or U.S. Resident;

1.1.47.2.a corporation, partnership, or other entity established or organized in or under the Laws of the United States;

1.1.47.3.any estate of a decedent who was a citizen or a resident of the United States;

1.1.47.4.any trust if (i) a court within the United States is able to exercise primary supervision over the administration of the trust, and (ii) one or more United States Persons have the authority to control all substantial decisions of the trust; or

1.1.47.5.any Person organized or incorporated outside the United States and the Territory or Insular Possession of the United States in which any of the foregoing, whether singularly or in the aggregate, directly or indirectly holds a 50 percent or greater equity interest by votes or value, holds a majority of seats or memberships on the board of directors of the entity, or authorizes, establishes, directs, or otherwise controls the actions, policies, personnel decisions, or day-to-day operations of the Person;

1.1.48 “you” or “your” means the user.

1.2 Headings: The headings and sub-headings in these Terms of Service are for ease of reference only and are not to be taken into account in the construction or interpretation of any provision or provisions to which they refer.

1.3 Extended Meanings: Unless otherwise specified in these Terms of Service, words importing the singular include the plural and vice versa and words importing gender include all genders.

1.4 Governing Law: These Terms of Service shall be governed by and construed and enforced in accordance with the Laws of the Saint-Vincent and the Grenadines, and shall be interpreted in all respects as a Saint-Vincent and the Grenadines contract. Any dispute, controversy, claim or action arising from or related to your use of the Site or these Terms of Service likewise shall be governed by the Laws of the Saint-Vincent and the Grenadines, exclusive of choice-of-law principles.

2 Licence to Use the Site: If you comply with these Terms of Service, WorldMarkets.io grants you the limited right to use the Site and the Services. The right to use the Site and the Services is a personal, restricted, non-exclusive, non-transferable, non-sublicensable, revocable, limited licence, and it is subject to the limitations and obligations in these Terms of Service. Nothing in these Terms of Service gives you any licence (other than as set out in this paragraph), right, title, or ownership of, in, or to the Site, any of the Services, or the WorldMarkets.io Marks. The Site may suspend or terminate the Services to you, your Cryptocurrency and or tokens Wallet, or to any of your Cryptocurrency and or tokens Address at its sole discretion, as required by applicable Laws or where WorldMarkets.io determines that you have violated, breached, or acted inconsistent with any of these Terms of Service.

3 Trading & Financing Activities: The Site is a trading environment for the spot purchase and sale of Cryptocurrency and or tokens. The Site permits both unfinanced and financed transactions. Unfinanced purchases are fully funded by trading participants through Fiat funds deposited by you from a Cryptocurrency and or tokens Address or otherwise into a Cryptocurrency and or tokens Wallet. For example, if you deposit $100.00 into your Cryptocurrency and or tokens Wallet on the Site, you may then purchase $100.00 worth of Cryptocurrency and or tokens in an unfinanced transaction. Purchases and sales of Cryptocurrency and or tokens Wallet on the Site, whether in an unfinanced transaction or a financed transaction, are settled by actual delivery of the full amount of the Cryptocurrency and or tokens by the seller to the purchaser’s Cryptocurrency and or tokens Wallet against payment in full by the purchaser to the seller’s Cryptocurrency and or tokens Wallet.

Important: Financing is not allowed where prohibited by applicable Laws. U.S. Persons or persons regarded as having any U.S. Account(s) may not be Financing Recipients on the Site. Furthermore, the following Persons are prohibited from depositing to, withdrawing from, or trading or providing or taking financing for any Cryptocurrency and or tokens Wallet on the Site:

3.1 Persons domiciled or ordinarily resident in, certain nationals of, or the Governments or Government Officials of Prohibited Jurisdictions;

3.2 any Person that resides, is located, has a place of business, or conducts business in the State of New York; and,

 

3.3 Any Person that resides, is located, has a place of business, or conducts business in Saint-Vincent and the Grenadines.

For the avoidance of doubt, as defined above, U.S. Persons (including but not limited to United States Citizens or United States Residents) may use the site at their own risk. In addition, where you are not a U.S. Person and your account would not be regarded as a U.S. Account, but WorldMarkets.io knows or has reason to know that you are making a deposit, withdrawal, or transfer of Fiat or Cryptocurrency and or tokens to, from, or through any U.S. Financial Institution to facilitate the provision of the Services to you, then you may be regarded as a customer of BFCL and prohibited from using the Site or any Services, at the sole discretion of WorldMarkets.io.

3.4 Financed transactions in Cryptocurrency and or tokens are permitted through the Site’s platform-enabled, peer-to-peer financing functionality. Financing Providers may offer financing from and on their own Cryptocurrency and or tokens Wallet if they so choose. Financing Recipients may accept financing from Financing Providers for up to 70% of the value of a Cryptocurrency and or tokens purchase. For example, if you deposit $30.00 to the Site, you may then obtain financing in an amount not exceeding $70.00 in order to buy $100.00 worth of Cryptocurrency and or tokens in a financed transaction. In other words, you may accept financing equal to a maximum total Cryptocurrency and or tokens -to-equity ratio of 3 1/3 to 1.

3.5 Shorting is another type of financed transaction permitted on the Site. In a typical ‘long sale’ of Cryptocurrency and or tokens, the seller enters into a regular spot trade of Cryptocurrency and or tokens and settles the transaction by delivering Cryptocurrency and or tokens that the seller owns outright. In a ‘short sale’ of Cryptocurrency and or tokens, the seller also enters into a regular spot sale of Cryptocurrency and or tokens, except that the transaction is settled by delivering Cryptocurrency and or tokens that the seller has borrowed.

3.6 Cryptocurrency and or tokens can be borrowed for purposes of short sales through the Site’s peer-to-peer financing functionality. The Cryptocurrency and or tokens borrower may seek offers or make a bid to borrow Cryptocurrency and or tokens on the Financing Order Book. Cryptocurrency and or tokens borrowers are not permitted to borrow more than 70% of the Cryptocurrency and or tokens sold in a short sale. The Fiat proceeds of any short sale serve as collateral for the borrowing of the Cryptocurrency and or tokens until those Cryptocurrency and or tokens are repaid.

3.7 WorldMarkets.io enables users to utilize third party peer-to-peer financing from other participants on the Site to trade Cryptocurrency and or tokens. Financing Recipients may obtain financing in one of two general ways: they may place bids for financing on the Site’s separate, peer-to-peer financing order book (the “Financing Order Book”); or, they may elect to be automatically matched through the Site’s order matching engine with one or more Financing Providers on the Financing Order Book at the best prevailing price on the Financing Order Book. Although WorldMarkets.io is not a party to these financing contracts, WorldMarkets.io enforces the contracts established between Financing Providers and Financing Recipients on the Financing Order Book.

3.8 The Financing Order Book operates independent of the spot contract trading order book (the “Trading Order Book”). Once the desired financing is secured by a Financing Recipient, both financed and unfinanced transactions on the Trading Order Book are indistinguishable from each other to the trade matching engine.

3.8.1 The amount of the financing, the terms of the financing, and the interest rate are all commercial terms negotiated through the Financing Order Book between Financing Providers and Financing Recipients. For instance, assume that A has $30.00 (in dollars) in her Cryptocurrency and or tokens Wallet on the Site. A obtains $70.00 in financing at X interest rate for Y term on the Financing Order Book (thereby becoming a Financing Recipient) from B, a Financing Provider. With that aggregate amount of $100.00, A may purchase $100.00 in Cryptocurrency and or tokens on the Trading Order Book from C, or from one or more other sellers. A has the right to repay the financing (including any accrued interest) at any time without pre-payment or other penalty. Obtaining financing does not create any obligation to purchase Cryptocurrency and or tokens on the Trading Order Book. A may also replace financing from B at any time with more favorable financing.

3.8.2 In the above example, the Cryptocurrency and or tokens purchased by A (for $100.00) are subject to a Lien in favor of B up to the total amount of financing secured from B ($70.00 plus any interest component). A may remove any amount of Cryptocurrency and or tokens from the Site or the user’s Cryptocurrency and or tokens Wallet that is not subject to the Lien.

3.8.3 A may sell her Cryptocurrency and or tokens and repay the loan. Any profit or loss realised from selling the Cryptocurrency and or tokens shall be settled against A’s balances.

3.8.4 Alternatively, A could satisfy the Lien and unencumber the Cryptocurrency and or tokens by repaying the financing used to purchase the Cryptocurrency and or tokens. Unencumbering the Cryptocurrency and or tokens simply refers to the process of using some combination of unrealized gain or additionally deposited Fiat funds, or both, for the purposes of paying off the financing and removing the Lien.

4 Risks and Limitation of Liability: Important: This paragraph is in addition to the Risk Disclosure Statement. Trading markets in Cryptocurrency and or tokens are volatile and shift quickly in terms of price, liquidity, market depth, and trading dynamics. You are solely responsible and liable: for any and all trading and non-trading activity on the Site and for your Cryptocurrency and or tokens Wallet on the Site; and, for knowing the true status of any position or contract with any other party on the Site, even if presented incorrectly by the Site at any time. You acknowledge and agree: to be fully responsible and liable for your trading and non-trading actions and inactions on the Site and all gains and losses sustained from your use of the Site and any of the Services; to be responsible for any negative balance in your Cryptocurrency and or tokens Wallet(s) on the Site; to be fully responsible and liable for all of your obligations with respect to any financing activities on the Site; and, to be fully responsible for safeguarding access to, and any information provided through, the Site and any of the Services, including, but not limited to, Cryptocurrency and or tokens Wallet, Cryptocurrency and or tokens Address, private keys, usernames, passwords, and bank account details.

There is no guarantee against losses on the Site. You may lose more than is in your various Cryptocurrency and or tokens Wallets on the Site if you engage in financing on the Site or if there is a force majeure event. When financing is used for trading, the loan carries risk if, among other things, the value of your Cryptocurrency and or tokens drops. If the value of your Cryptocurrency and or tokens drops below a certain level, you are responsible for responding to this market circumstance with cash or additional Cryptocurrency and or tokens satisfactory to WorldMarkets.io. Failure to respond can result in the forced-liquidation of Cryptocurrency and or tokens in any of your Cryptocurrency and or tokens Wallet(s). WorldMarkets.io cannot guarantee to stop losses even with the ability to force-liquidate any of your positions (due to, for example, market volatility and liquidity). WorldMarkets.io will not be and is not responsible for any Financing Provider losing Fiat, funds, or Cryptocurrency and or tokens to any Financing Recipient on the Site or for any losses incurred by a Financing Recipient or any other party on the Site.

5 Agency: WorldMarkets.io generally does not act as principal, counterparty, or market-maker in the transactions effected through trading on WorldMarkets.io or in providing financing for financed trading on WorldMarkets.io. However, WorldMarkets.io administers and enforces contracts among Parties engaged in financing activities on the Site. You hereby irrevocably appoint WorldMarkets.io to act as your exclusive agent in respect of any contract on the Site in which you are a Financing Recipient. Specifically, you hereby grant WorldMarkets.io agency, and you authorize and instruct WorldMarkets.io: to implement, levy, monitor, and maintain a lien on all Fiat amounts and Cryptocurrency and or tokens in your name or control in any Cryptocurrency and or tokens Wallet on the Site in favor of one or more Financing Providers (a “Lien”); and, to liquidate any Cryptocurrency and or tokens in your name or control in any Cryptocurrency and or tokens Wallet on the Site if necessary to ensure that any Financing Provider on the Site from whom you have obtained financing is repaid in full.

6 Satisfaction of Liens: If and when you seek to remove all of your Cryptocurrency and or tokens and Fiat funds from WorldMarkets.io and there is a Lien outstanding against any of your Fiat funds, or Cryptocurrency and or tokens, WorldMarkets.io may satisfy the Lien.

7 Withdrawals: Irrespective of the nature and form of any withdrawal request, whether initiated by you or otherwise, WorldMarkets.io reserves the right to process and send withdrawals using money or any one or more Cryptocurrency and or tokens. In the course of processing and sending any withdrawals in money or one or more Cryptocurrency and or tokens, WorldMarkets.io may be required to share your user information with other contractual third parties or as required under applicable Laws or demanded upon a lawful request by any Government. You hereby irrevocably grant full permission and authority for WorldMarkets.io to share this information with such contractual third parties, or as required under applicable Laws or demanded upon a lawful request by any Government, and release WorldMarkets.io from any liability, error, mistake, or negligence related thereto.

8 Liquidations & Losses: If the value of your Cryptocurrency and or tokens drops below a certain level, this may result in one of two actions taken by WorldMarkets.io. First, WorldMarkets.io at all times reserves the right to force-liquidate the Cryptocurrency and or tokens in your Cryptocurrency and or tokens Wallet. Where this occurs, your Cryptocurrency and or tokens will be seized by WorldMarkets.io and used to repay any outstanding amounts due to your Financing Providers. Second, where you have negative equity, or where WorldMarkets.io determines in its sole discretion that, upon liquidation, you would likely have negative equity—that is, you fall below a certain maintenance requirement—in one or more or a combination of positions, WorldMarkets.io reserves the right to seize, take over, and assume all of your liabilities and collateral and to dispose of one or more of your positions, or to retain one or more of them, at a profit or loss, at WorldMarkets.io’s risk and expense. Further to your responsibility for all trading and financing activity and inactivity on the Site, any action may be taken by WorldMarkets.io pursuant to this paragraph at any time with or without notice to you, in WorldMarkets.io’s sole discretion.

9 Inactivity Fee: Where you have not traded on the Site or engaged in any funding activity on the Site for an uninterrupted period of one year, WorldMarkets.io thereafter reserves the right to charge and obtain from you an inactivity fee of $5.00 per month, with or without notice to you. This fee will be taken from the Cryptocurrency and or tokens and other property that you hold on the Site.

10 Resolution of Disputes:

10.1 If you are a WORLDMARKETS.IO Customer, any dispute, claim, controversy or action arising out of or related to (a) the Terms of Service or the existence, breach, termination, enforcement, interpretation or validity thereof, or (b) your account(s), the operations and Services of the Site, or (c) your access to or use of the Services at any time, shall be subject to the exclusive jurisdiction of the courts of Saint-Vincent and the Grenadines. For the avoidance of doubt, and without limiting the generality of the foregoing, this provision expressly applies to any claim, whether in tort, contract or otherwise, against WorldMarkets.io. You irrevocably and unconditionally agree and consent to the jurisdiction and venue of the courts of Saint-Vincent and the Grenadines, and you waive any objections thereto, including under the doctrine of forum non conveniens or other similar doctrines. You and WorldMarkets.io agree that any party hereto may bring claims against the others only on an individual basis and not as a plaintiff or class member in any purported class or representative action or proceeding. No adjudicator may consolidate or join more than one person’s or party’s claims and may not otherwise preside over any form of a consolidated, representative, or class proceeding. Any relief awarded to any one WorldMarkets.io user cannot and may not affect any other WorldMarkets.io users.

  1. 2If you are a BFCL Customer, any dispute, claim or controversy arising out of or relating to (a) the Terms of Service or the existence, breach, termination, enforcement, interpretation or validity thereof, or (b) your account(s), the operations and Services of the Site, or (c) your access to or use of the Services at any time, shall be subject to and finally resolved by confidential arbitration before a sole arbitrator in accordance with the International Institute for Conflict Prevention and Resolution Rules for Non Administered Arbitration, as amended from time to time (the “CPR Rules”). The interpretation and enforceability of this arbitration provision shall be governed by the Federal Arbitration Act, 9 U.S.C. §§ 1 et seq. Issues of arbitrability and enforceability of this arbitration provision shall be decided by the arbitrator in the first instance. Judgment upon the award rendered by the arbitrator may be entered by any court having jurisdiction thereof. The seat or legal place of the arbitration shall be Hong Kong, unless otherwise agreed by the parties. The language of the arbitral proceedings shall be English. You agree to the appointment of a single arbitrator selected in accordance with the CPR Rules. The arbitrator may award any relief that a court of competent jurisdiction could award, including attorneys’ fees when authorized by law, and the arbitral decision may be enforced in court. For claims less than $15,000, BFCL shall reimburse you for all initiating filing fees that are in excess of fees you would have paid if you were proceeding in court, provided however, should you be deemed to be the losing party, the filing fees reimbursed by BFCL shall be added to the final arbitrator’s costs and fees award. The prevailing party shall be entitled to its costs of the arbitration (including the arbitrator’s fees) and its reasonable attorney’s fees and costs. You and WorldMarkets.io agree that any party hereto may bring claims against the others only on an individual basis and not as a plaintiff or class member in any purported class or representative action or proceeding. No class arbitration is permitted, and no arbitrator may consolidate or join more than one person’s or party’s claims and may not otherwise preside over any form of a consolidated, representative, or class proceeding. Any relief awarded to any one WorldMarkets.io user cannot and may not affect any other WorldMarkets.io users.

11 JURY TRIAL WAIVER: TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE PARTIES HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVE ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING OF ANY KIND WHATSOVER ARISING OUT OF OR RELATING TO THESE TERMS OF SERVICE OR ANY BREACH THEREOF, ANY USE OR ATTEMPTED USE OF THE SITE OR THE SERVICE BY YOU, AND/OR ANY OTHER MATTER INVOLVING THE PARTIES.

12 Prohibited Uses: You may not:

12.1 use the Site or any Services in order to disguise the origin or nature of illicit proceeds of, or to further, any breach of applicable Laws, or to transact or deal in, any contraband Cryptocurrency and or tokens, Fiat, funds, property, or proceeds;

12.2 use the Site or any Services if any applicable Laws, including but not limited to AML Laws, CTF Laws, Anti-Corruption Laws, Economic Sanctions Laws, prohibit, penalize, sanction, or expose the Site to liability for any Services furnished or offered to you or any of your Cryptocurrency and or tokens Wallet(s) or Cryptocurrency and or tokens Address(es) under these Terms of Service;

12.3 use the Site or any of the Services, or any financial services of any U.S. Financial Institution, whether or not an Affiliate or Associate of WorldMarkets.io, to facilitate, approve, evade, avoid, or circumvent any applicable Laws, including but not limited to AML Laws, CTF Laws, Anti-Corruption Laws, and Economic Sanctions Laws;

12.4 use the Site or any Services to evade taxes under the Laws Saint-Vincent and the Grenadines, the United States, or any other jurisdiction(s) applicable to you or the Site;

12.5 trade or obtain financing on the Site, or use any Services, with anything other than Fiat, funds, keys, property, or Cryptocurrency and or tokens that have been legally obtained by you and that belong to you;

12.6 use the Site or any Services to interfere with or subvert the rights or obligations of WorldMarkets.io or the rights or obligations of any other Site user or any other third party;

12.7 trade using misleading or inaccurate information presented to the Site or to WorldMarkets.io or take advantage of any technical glitch, malfunction, failure, delay, default, or security breach;

12.8 use the Site or any Services to engage in conduct that is detrimental to WorldMarkets.io or to any other Site user or any other third party;

12.9 falsify any account, Cryptocurrency and or tokens Wallet, or Cryptocurrency and or tokens Address registration, exchange, or administration details provided to WorldMarkets.io;

12.10 falsify or materially omit any information or provide misleading or inaccurate information requested by WorldMarkets.io, including at registration or during the course of administering any Services to you;

12.11 reverse-engineer, decompile, or disassemble any software running on the Site;

12.12 cause injury to, or attempt to harm, WorldMarkets.io or any third party through your access to the Site or any Services;

12.13 have more than one Cryptocurrency and or tokens Wallet on the Site, or use any Cryptocurrency and or tokens Wallet on a one-time, ‘throwaway’ basis; any such additional Cryptocurrency and or tokens Wallets or one time ‘throwaway’ Cryptocurrency and or tokens Wallet may be terminated or suspended at the absolute discretion of WorldMarkets.io;

12.14 where you are subject to prohibitions or restrictions as set forth in paragraph 3, access the Site or use any Services utilizing any virtual private network, proxy service, or any other third party service, network, or product with the effect of disguising your IP address or location, or access the Site or use any Services using a Cryptocurrency and or tokens Address in or subject to the jurisdiction of any Prohibited Jurisdiction or Government or Government Official thereof; or,

12.15 violate, cause a violation of, or conspire or attempt to violate these Terms of Service or applicable Laws.

Any use as described in this paragraph shall constitute a “Prohibited Use”. If WorldMarkets.io determines that you have engaged in any Prohibited Use, WorldMarkets.io may address such Prohibited Use through an appropriate sanction, in its sole and absolute discretion. Such sanction may include, but is not limited to, making a report to any Government, law enforcement, or other authorities, without providing any notice of you about any such report; confiscation of any Fiat, funds, property, proceeds, or Cryptocurrency and or tokens in any Cryptocurrency and or tokens Wallet that you have on the Site; and, suspending or terminating your access to any Services or Fiat, funds, property, or Cryptocurrency and or tokens from any Cryptocurrency and or tokens Address. WorldMarkets.io may, at its sole and absolute discretion, seize and deliver your property to any applicable Government, law enforcement, or other authorities where circumstances warrant. In addition, should your actions or inaction result in the imposition of economic costs to WorldMarkets.io, you shall pay an amount to WorldMarkets.io so as to render WorldMarkets.io whole, including without limitation, the amount of taxes or penalties that might be imposed on WorldMarkets.io.

13 Due Diligence Generally, Anti-Money Laundering and Counter-Terrorist Financing: WorldMarkets.io is committed to providing safe, compliant, and reputable Services to identify, detect, prevent, and report on money laundering, terrorist financing, and other improper activities under applicable AML Laws, CTF Laws, Anti-Corruption Laws, and Economic Sanctions Laws. Accordingly, WorldMarkets.io insists on a comprehensive and thorough user due diligence process implementation and ongoing analysis and reporting. By agreeing to these Terms of Service, you shall affirmatively certify whether (i) you are a U.S. Person or your account would be regarded as a U.S. Account or (ii) you are not a U.S. Person and your account would not be regarded as a U.S. Account, and must provide promptly all information requested and necessary to satisfy due diligence requirements and obligations pursuant to applicable Laws and the compliance policies or procedures of WorldMarkets.io. Additionally, WorldMarkets.io may assess whether you will make, or intend to make, a deposit, withdrawal, or transfer of Fiat or Cryptocurrency and or tokens to, from, or through any U.S. Financial Institution to facilitate the provision of the Services, and if applicable, you must provide all information requested and necessary to satisfy due diligence requirements and obligations pursuant to applicable Laws and the compliance policies or procedures of WorldMarkets.io. You agree to provide promptly documentation, information, or records requested by WorldMarkets.io at any time, including, without limitation, a self-certification permitting the determination of tax residence and status under FATCA and under CRS or other applicable Laws. Such information may include, but is not limited to, self-certifications as to Controlling Persons. WorldMarkets.io needs to retain certain information, documentation, and records on file pursuant to applicable Laws and its contractual relationships, and WorldMarkets.io hereby expressly reserves the right to keep such information, documentation, and records. Additionally, WorldMarkets.io monitors for and assesses suspicious or sanctionable transactions under applicable AML, Anti-Corruption, and Economic Sanctions Laws, as well as undertakes mandatory reporting to FinCEN, OFAC, FIA, and international regulators. These undertakings shall apply even when you suspend or terminate your relationship with WorldMarkets.io or abandon your application to have a Cryptocurrency and or tokens Wallet with WorldMarkets.io. Our policies apply to any and all Cryptocurrency and or tokens, Fiat, and other funds or property being exchanged on or through the Site or by any of you, your Affiliates, of any of WorldMarkets.io’s Associates.

WorldMarkets.io reserves the right to refuse registration to, to bar transactions from or to, or to suspend or terminate the administration of Services, Cryptocurrency and or tokens Address, or Cryptocurrency and or tokens Wallet for or with, any user for any reason (or for no reason) at any time, including but not limited to the provisions of paragraphs 12 and 15, subject to any limitations imposed by applicable Laws. Without limiting the generality of the foregoing, this includes, but is not limited to, any transfer, transaction, business, or dealing with a: (i) Sanctioned Person, (ii) a Person from or in jurisdictions that does not meet international AML–CTF standards as set out by the FATF as high-risk, non-cooperative, and strategically deficient jurisdictions, including but not limited to the Democratic People’s Republic of Korea (North Korea), Ethiopia, Iran, Iraq, Serbia, Sri Lanka, Syria, Trinidad & Tobago, Tunisia, Vanuatu, or Yemen; (iii) Person that is a Government Official or Politically Exposed Person within the meaning of the FATF’s 40 Recommendations; (iv) Person that presents a risk of any exposure to penalties, sanctions, or other liabilities under AML Laws, CTF Laws, Anti-Corruption Laws, Economic Sanctions Laws, or tax Laws that may apply; (v) Person that WorldMarkets.io determines is acting in the United States or Territory or Insular Possession of the United States (whether or not by, to, through, or from any U.S. Financial Institution) in violation of, causing any other Person, including any of the Associates, to violate, attempting or conspiring to violate, or evading or circumventing these Terms of Service or applicable Laws; and (vi) any Person that fails to meet any user due diligence standards, requests, or requirements of WorldMarkets.io, or otherwise appears to be of high risk, including but not limited to any of the foregoing factors. In lieu of refusing registration or ongoing administration of your Cryptocurrency and or tokens Wallet, WorldMarkets.io may perform enhanced due diligence procedures. At all times, you may be subject to enhanced due diligence procedures in your use of the Site and any Service. If you decline to provide requested due diligence information or otherwise do not reply timely or substantively with the documentation or data requested, the Site has the absolute discretion to suspend or terminate Services to you immediately.

14 Intellectual Property: WorldMarkets.io and the WorldMarkets.io logos, trade names, word marks, and design marks (the “WorldMarkets.io Marks”) are trademarks of BFHL. You agree not to appropriate, copy, display, or use the WorldMarkets.io Marks or other content without express, prior, written permission to do so. Unless otherwise indicated, all materials on the Site are © BFHL.

15 Your Representations & Warranties: You represent and warrant to WorldMarkets.io as follows:

15.1 that, if you are an individual user, you are 18 years of age or older and that you have the capacity to contract under applicable Laws;

15.2 that, if you are registering to use the Site on behalf of a legal entity, (i) such legal entity is duly organized and validly existing under the applicable laws of the jurisdiction of its organization; and (ii) you are duly authorized by such legal entity to act on its behalf;

15.3 that you understand the risks associated with using the Site, that you are not prohibited or restricted from using the Site by paragraph 3 of these Terms, and that you are not otherwise prohibited by applicable Laws from using the Site;

15.4 that you will not use the Site or any Services in order to conceal or disguise the origin or nature of proceeds of crime or terrorist financing, or to further, any breach of applicable AML Laws or CTF Laws, or to deal in any unlawful Cryptocurrency and or tokens, Fiat, property, funds, or proceeds;

15.5 that you will not trade or obtain financing on the Site or use any Services with anything other than Fiat, funds, or Cryptocurrency and or tokens that have been legally obtained by you and that belong to you;

15.6 that, to the extent not penalized by or in conflict with United States Laws, you are currently in compliance with, and must, at your own cost and expense, comply with all Laws that relate to or affect the Services conducted under these Terms of Service, including but not limited to AML Laws, CTF Laws, Anti-Corruption Laws, Economic Sanctions Laws, or tax Laws, including FATCA and CRS;

15.7 that you consent to any and all tax and information reporting under AML Laws, CTF Laws, Anti-Corruption Laws, Economic Sanctions Laws, or tax Laws, including FATCA and CRS, as WorldMarkets.io may reasonably determine;

15.8 that neither you nor any of your Affiliates shall use any Cryptocurrency and or tokens, Fiat, property, proceeds or funds subject to the Services of the Site directly or indirectly (i) on behalf of or for the benefit of a Sanctioned Person or any Person subject to the jurisdiction of a Prohibited Jurisdiction, except where authorized under any Government Approval or not restricted by applicable Laws; (ii) in violation of or as prohibited, restricted, or penalized under applicable Economic Sanctions Laws; or (iii) in any way that would violate, be inconsistent with, penalized under, or cause the omission of filing of any report required under applicable AML Laws, CTF Laws, or Economic Sanctions Laws;

15.9 that you have not (i) violated; (ii) been fined, debarred, sanctioned, the subject of Economic Sanctions-related restrictions, or otherwise penalized under; (iii) received any oral or written notice from any Government concerning actual or possible violation by you under; or (iv) received any other report that you are the subject or target of sanctions, restrictions, penalties, or enforcement action or investigation under, any applicable Laws, including AML Laws, CTF Laws, Anti-Corruption Laws, or Economic Sanctions Laws;

15.10 that neither you nor any of your Affiliates is: (i) itself or owned or controlled by a Sanctioned Person; (ii) involved in any transaction, transfer, or conduct, whether or not by using or receiving the Services from any Cryptocurrency and or tokens Wallet or Cryptocurrency and or tokens Address, that is likely to result in you or your Affiliates becoming a Sanctioned Person; or (iii) residing or domiciled in, or transferring Cryptocurrency and or tokens, Fiat, funds, or property to, from, or through any Cryptocurrency and or tokens Wallet, Cryptocurrency and or tokens Address, or other account in, a Prohibited Jurisdiction or Government or Government Official of a Prohibited Jurisdiction;

15.11 that neither you nor any of your Affiliates has directly or indirectly offered, promised, given, or authorized any payment, or offered, promised, given, or authorized the giving of anything else of value, including any Cryptocurrency and or tokens, to a Government Official or individual employed by another entity in the private sector in violation of any applicable Anti-Corruption Laws;

15.12 that you will not falsify any Cryptocurrency and or tokens Wallet registration or administration details provided to WorldMarkets.io;

15.13 that you will not falsify or materially omit any information or provide misleading or inaccurate information requested by WorldMarkets.io in the course of, directly or indirectly relating to, or arising from your activities on the Site or use of any Services, including at registration or during administration or other due diligence processes, and that if any information provided to WorldMarkets.io becomes incorrect, you will promptly provide corrected information to WorldMarkets.io;

15.14 that any trading or other instructions received or undertaken through your login credentials or from your authorized e-mail address on file with WorldMarkets.io are deemed to be valid, binding, and conclusive, and that WorldMarkets.io may act upon those instructions without any liability or responsibility attaching to it;

15.15 that you will fairly and promptly report all income associated with your activity on the Site pursuant to applicable Laws and pay any and all taxes exigible thereon; and

15.16 that you will accurately and promptly inform WorldMarkets.io if you know or have reason to know whether any of the foregoing representations or warranties no longer is correct or becomes incorrect.

16 No Representations & Warranties by WorldMarkets.io: WorldMarkets.io makes no representations, warranties, or guarantees to you of any kind. The Site and the Services are offered strictly on an as-is, where-is basis and, without limiting the generality of the foregoing, are offered without any representation as to merchantability or fitness for any particular purpose.

17 No Advice: WorldMarkets.io does not provide any investment advice or advice on trading techniques, models, algorithms, or any other schemes.

18 Limitation of Liability & Release: Important: Except as may be provided for in these Terms of Service, WorldMarkets.io assumes no liability or responsibility for and shall have no liability or responsibility for any claim, application, loss, injury, delay, accident, cost, business interruption costs, or any other expenses (including, without limitation, attorneys’ fees or the costs of any claim or suit), nor for any incidental, direct, indirect, general, special, punitive, exemplary, or consequential damages, loss of goodwill or business profits, work stoppage, data loss, computer failure or malfunction, or any and all other commercial losses (collectively, referred to herein as “Losses”) directly or indirectly arising out of or related to:

18.1 these Terms of Service;

18.2 the Site, and your use of it;

18.3 the Services, and your use of any of them;

18.4 the real or perceived value of any currencies or Cryptocurrency and or tokens traded on the Site, or the price of any cryptocurrencies and or tokens displayed on the Site at any time;

18.5 any inaccurate, misleading, or incomplete statement by WorldMarkets.io or on the Site regarding your Cryptocurrency and or tokens Wallet, whether caused by WorldMarkets.io’s negligence or otherwise;

18.6 any failure, delay, malfunction, interruption, or decision (including any decision by WorldMarkets.io to vary or interfere with your rights) by WorldMarkets.io in operating the Site or providing any Service;

18.7 any stolen, lost, or unauthorized use of your Cryptocurrency and or tokens Wallet information, any breach of security or data breach related to your Cryptocurrency and or tokens Wallet information, or any criminal or other third party act affecting WorldMarkets.io or any Associate; or,

18.8any offer, representation, suggestion, statement, or claim made about WorldMarkets.io, the Site, or any Service by any Associate.

You hereby agree to release the Associates from liability for any and all Losses, and you shall indemnify and save and hold the Associates harmless from and against all Losses. The foregoing limitations of liability shall apply whether the alleged liability or Losses are based on contract, negligence, tort, unjust enrichment, strict liability, violation of law or regulation, or any other basis, even if the Associates have been advised of or should have known of the possibility of such losses and damages, and without regard to the success or effectiveness of any other remedies.

19 No Waiver: Any failure by WorldMarkets.io to exercise any of its respective rights, powers, or remedies under these Terms of Service, or any delay by WorldMarkets.io in doing so, does not constitute a waiver of any such right, power, or remedy. The single or partial exercise of any right, power, or remedy by WorldMarkets.io does not prevent either from exercising any other rights, powers, or remedies.

20 Force Majeure: WorldMarkets.io is not responsible for damages caused by delay or failure to perform undertakings under these Terms of Service when the delay or failure is due to fires; strikes; floods; power outages or failures; acts of God or the state’s enemies; lawful acts of public authorities; any and all market movements, shifts, or volatility; computer, server, or Internet malfunctions; security breaches or cyberattacks; criminal acts; delays or defaults caused by common carriers; acts or omissions of third parties; or, any other delays, defaults, failures or interruptions that cannot reasonably be foreseen or provided against. In the event of force majeure, WorldMarkets.io is excused from any and all performance obligations and these Terms of Service shall be fully and conclusively at an end.

21 Assignment: These Terms of Service, and any of the rights, duties, and obligations contained herein, are not assignable by you without prior written consent of WorldMarkets.io. These Terms of Service, and any of the rights, duties, and obligations contained herein, are freely assignable by WorldMarkets.io without notice or your consent. Any attempt by you to assign these Terms of Service without written consent is void.

22 Severability: If any provision of these Terms of Service or part thereof, as amended from time to time, is determined to be invalid, void, or unenforceable, in whole or in part, by any court of competent jurisdiction, such invalidity, voidness, or unenforceability attaches only to such provision to the extent of its illegality, unenforceability, invalidity, or voidness, as may be, and everything else in these Terms of Service continues in full force and effect.

For more information please contact us at legal@worldmarkets.io