Please review the following terms and conditions thoroughly. By accessing this website and its pages, you confirm that you accept and agree to these Terms of Use. If you do not agree with these terms, please do not access the website. ElenoxOne retains the right to amend these Terms of Use, and it is your duty to review them regularly. Continued use of the website implies your acceptance of any revised terms or changes.
GENERAL PROVISIONS
This License Agreement (referred to as the “Agreement”) constitutes a legally binding contract between ElenoxOne, acting through its Affiliated Partners (referred to as the “Company”), and any individual or entity (referred to as the “Client”). This Agreement is a critical part of the public document package that regulates the delivery of services by the Company to its Clients, encompassing both financial and informational services.
By opting to use the services provided by the Company or by engaging in any form of interaction with the Company, the Client fully acknowledges and agrees to all the terms and conditions detailed in the publicly available documents. Should the Client disagree with any portion, section, or provision of any public document issued by the Company (including but not limited to the terms governing the use of information provided by the Company), the Client must immediately cease all further interaction with the Company.
This Agreement governs the rights and obligations of the parties involved (the Company, the Clients, and third parties) that arise from the use, transfer, broadcasting, or publication of any information materials of any type or format, which are published by the Company on its official website (www.elenoxone.io). This also includes information published on other internet sites owned by the Company or its Affiliated Partners, as well as economic news broadcasted through client terminals or other channels.
According to this Agreement, legal entities or individuals who receive information from the Company’s web server (website) located at the aforementioned address, or from the Company’s trading server, and use that information in any way, are considered information users.
This Agreement is applicable to information published on the Company’s web server (website) as well as to information that is broadcasted, distributed, or published via other channels or reproduced on various media, including printed materials (hard copies).
Additional regulations, legal requirements, and public documents may apply to specific types of information. These regulations and documents include, but are not limited to:
- The Company’s logo is a registered trademark and is protected under applicable legislation, particularly International Trademark Law.
- The copyright of materials published by third parties on the Company’s web server is protected by the laws of the authors’ countries of citizenship and international laws.
- The copyright of materials published by the Company itself, under its own name, on the Company’s web server (website) is protected by international laws.
- The Company does not accept clients from countries that are subject to sanctions imposed by regulatory authorities such as the Office of Foreign Assets Control (OFAC), Financial Action Task Force (FATF), United Nations (UN), and other sanctioning bodies.
KEY DEFINITIONS IN THIS AGREEMENT
The terms used in this Agreement are defined as follows unless specifically stated otherwise within this document:
Account: Refers to the transactional accounts that the Company may establish for the Client on its platform, allowing the Client to participate in trading activities involving FX (Foreign Exchange) or CFDs (Contracts for Difference), as outlined below.
The Agreement: The contract between the Client and the Company includes the following documents, which are accessible on the Website: (a) Privacy Policy, and (b) any additional provisions that the Company may periodically release on its Website(s).
ElenoxOne: The entity that owns and manages this website.
Ask: The minimum price at which a seller is prepared to sell a contract.
Balance: The total amount in the Client’s Account following the latest transaction during a specific period.
Base Currency: The first currency listed in a currency pair.
Bid: The maximum price that a buyer is willing to pay for a contract.
Business Day: Any day except Saturdays, Sundays, December 25th, and January 1st.
CFDs: Acronym for Contracts for Difference, which are spot and/or forward contracts on Metals, Commodities, Futures, Options, Forwards, Stocks, or Indices.
Client Application Form: The application submitted by the Client to request Services, enabling the Company to collect essential information for identification, due diligence, and categorization, in alignment with international know-your-client and anti-money laundering practices.
Contract Specifications: Details such as lot size or type of underlying assets in a CFD or FX offered by the Company. It includes all relevant trading information, including spreads, swaps, margin requirements, and other key details, as defined by the Company and provided on the Website.
Currency of the Account: The currency selected by the Client when opening an account with the Company or converted into another currency at the Client’s discretion after the account is established.
Currency Pair: A combination of two currencies (the Quote Currency and the Base Currency) that indicates how much of the Quote Currency is needed to purchase one unit of the Base Currency.
FX: A contract for difference involving currencies (Spot Forex).
Group Company: A legal entity that is a parent, subsidiary, or has an affiliated relationship with the Company.
Login Details: The access credentials, including login and password, provided to the Client by the Company for accessing the Online Trading System and/or the Website.
Login Data: The Login Details, Account number, and any other information necessary to place Orders with the Company through any method.
Liquidity Providers: A third-party entity to which the Company transmits the Client’s order, always acting as the Client’s agent.
Leverage: A ratio that compares Transaction Size to Initial Margin. A 1:100 ratio indicates that the Initial Margin required to open a position is one hundred times smaller than the Transaction Size.
Margin: The required guaranteed funds necessary to open or maintain positions, as outlined in the Contract Specifications for each underlying asset in an FX or CFD.
Online Trading System: Any software or platform utilized by the Company, encompassing a combination of computing devices, software, databases, telecommunications equipment, and trading platforms. This system enables the Client to access real-time market information, conduct technical market analysis, initiate Transactions, place, modify, or cancel orders, receive notifications from the Company, and maintain records of Transactions.
Open Position: A transaction involving the purchase or sale of a contract that remains unclosed by an opposite transaction.
Order: An instruction provided by the Client to the Company.
Parties: The entities or individuals bound by this Agreement.
Pending Order: An instruction to buy or sell at a specified price that differs from the current market price.
Quote: The Bid and Ask prices associated with a CFD or FX Currency Pair.
Quote Currency: The second currency listed within a Currency Pair.
Rules: Refers to the laws, articles, regulations, directives, procedures, and customs that are applicable at any given time.
Services: The offerings provided by the Company as specified within this Agreement.
Spread: The difference between the Bid and Ask prices quoted for a market, which may vary from typical market spreads.
Stop Out: The scenario where the Client’s equity-to-balance ratio falls below the stop-out level set for the Client’s account type, prompting the Company to close some or all of the Client’s Open Positions at the current market price, or the last available price, to restore the equity-to-balance ratio above the specified stop-out level.
Swap or Rollover: The interest that is either added to or deducted from a position that remains open overnight.
Swap Rates: The fixed rate at which the swap occurs for one of the parties entering into a Financial Instrument.
Trade Confirmation: A message from the Company to the Client confirming that an Order has been transmitted for execution.
Transaction: An Order that has been executed.
The Company: Refers to ElenoxOne.
Website: Refers to www.elenoxone.io or any other websites associated with the Company’s trade names.
The Client agrees to remit to the Company, upon request, any amounts required as margin, in accordance with the Rules of any relevant Market (if applicable) or as the Company may reasonably deem necessary to safeguard itself from potential loss or risk associated with current, future, or proposed transactions under this Agreement.
Unless an alternative arrangement is made, the margin must be provided in cash. Cash margin payments are treated as an absolute transfer of funds to the Company, with the Client relinquishing any claim to interest on such funds. The cash margin received will be considered a repayment obligation of the Company to the Client.
Furthermore, without limiting any rights the Company may have under this Agreement or applicable regulations, the Company maintains a general lien on all funds held by the Company, its Associates, or nominees on behalf of the Client until the Client’s obligations are fully met.
The Company reserves the right, in addition to any other rights under this Agreement, to close or reduce the size of the Client’s open positions (both new and gross), to refuse the establishment of new positions, or to modify trading conditions, including but not limited to changes in interest rates, leverage, spreads, or fees. The Company may exercise these rights under various circumstances, such as:
- a) When the Company determines that trading conditions are abnormal; or b) When the Account has reached the Stop out level.
If the Client’s margin level reaches or falls below the Stop out level specific to the Client’s account type, some or all positions will automatically be closed at the market price until the margin level is restored above the Stop out threshold for that account type.
Should the Client’s total exposure across one or more margin trades reach a level where adverse market movements could result in a significant shortfall not covered by the Client’s deposits and/or margin with the Company, the Company may, at its reasonable discretion, a) Increase margin requirements and/or b) Reduce the Client’s exposure by closing one or more or all open positions at the prevailing market price.
The Client acknowledges that margin trading involves significant risk, potentially leading to substantial profits as well as significant losses. Therefore, the Client should carefully assess whether this type of trading is appropriate given their financial circumstances.
The Client confirms and guarantees that the information provided in the Client Application Form is complete, accurate, and not misleading in any material respect.
The Company is dedicated to maintaining client privacy and safeguarding personal information. Our Privacy Policy, accessible on our Website, details the methods by which we collect, use, and protect your data. By utilizing our services, you agree to the terms outlined in our Privacy Policy.
By opening an account with the Company, the Client authorizes the Company to disclose information as required by applicable Rules or as necessary to fulfill the Company’s obligations under this Agreement.
The Company will not be liable for any losses or damages, whether direct, indirect, or consequential, resulting from the use of the Website or services, except in cases of gross negligence, fraud, or intentional misconduct.
If any part of this Agreement is deemed invalid or unenforceable, the remaining provisions will remain in full force and effect.
This Agreement is governed by and interpreted in accordance with the laws of the jurisdiction where the Company is incorporated, and any disputes related to this Agreement will be exclusively resolved in the courts of that jurisdiction.