Terms & Conditions
TERMS OF USE
Terms of Use of the Forex.fo website and Forex.fo
service and advice issued in conjunction with the Forex.fo website and Forex.fo
service.
By accessing and using the Forex.fo website (henceforth "Web
Site") and accessing and using whatsoever advice issued in conjunction
with the Web Site (the "Advice"), you are agreeing to be legally
bound by these Terms of Use.
1. GENERAL
Global Research and Exchange Ltd.
Global Gateway 8
Rue de la Perle Providence
Mahe
Republic of
Seychelles
Telephone
(Support numbers): +
49 177 713 7661 (Russian)
+ 49 176 774 95658 (English)
Registered with the Trade Registry of the Republic of Seychelles, registering
date 17.04.2008.
By using the Web Site, you are representing to Global Reserve and Exchange
(GR&E) Ltd., a company incorporated in the Republic of Seychelles, that you
are at least 18 years old (or the minimum legal age in the jurisdiction in
which you are viewing this Web Site). You may not use the Web Site for any unlawful
purpose. GR&E may change any term in these Terms of Use at any time. The
changes will appear in these Terms of Use, and your use of the Web Site after
any changes have been posted will constitute your agreement to the modified
Terms of Use and all changes. Therefore, you should read these Terms of Use
each time you access the Web Site, before you begin using the Web Site. You may
print a copy of these Terms of Use for your reference. You understand and agree
that GR&E may discontinue or change the Web Site at any time, without
notice. You also understand and agree that GR&E may discontinue or restrict
your use of this Web Site for any reason without notice.
2. PRIVACY POLICY
GR&E is committed to protecting your privacy. This Privacy Policy describes
how we collect, store and use information on individuals that use this Web
Site.
2.1 GR&E’s
Privacy Pledge
The term personal data as used in this policy refers to information such as
your name, e-mail address or mailing address, or any data that can be used to
identify you. We ensure that our staff and those acting on our behalf obtain,
use and disclose personal information lawfully and correctly.
2.2 Right of
information
GR&E informs you of the existence of an automated data file for which GR&E
assumes sole responsibility.
GR&E also informs you that the collection and processing of personal
data is aimed at providing you with services offered by this website and to
send you commercial information on products or services you may be interested
in.
GR&E will store these data as long as it is reasonably necessary to
attain the mentioned purposes and in accordance with any applicable legal or
ethical requirement.
GR&E informs you that your data will be stored on a server located in
Germany, in server facility owned by HostEurop Gmbh, which has implemented the necessary security measures
to prevent accidental or unlawful destruction, loss, alteration, unauthorized
disclosure and/or access to the above-mentioned data. By submitting us your
data you give your express consent to such international transfer of data.
2.3 Consent to
use information
By using this Web Site, or providing information to us in other formats,
you consent to the collection and use of this information by GR&E. In
addition, you are committed to supplying true, complete and accurate
information and to keeping it up to date.
2.4 Mandatory
and optional information
In order to use our services, users may be asked to fill in a form which
requires providing certain personal information to GR&E. Unless otherwise
provided in those fields expressly marked with an asterisk (*), answers to our
questions on personal data are not mandatory. Not supplying the information
required in such optional fields shall not represent any decrease of the
services and information that we may provide. However, failure to complete
those compulsory fields or providing incorrect personal data shall prevent us
from providing the requested information or services.
2.5 Rights of
access, rectification, cancellation and objection
GR&E informs you of the possibility of exercising your rights to
access, rectify, cancel and object to the processing of your personal data
simply by making a written request to GR&E using the contact form. Your requests will be dealt with in a prompt and
proper manner.
2.6 Security and
confidentiality
GR&E guarantees that your personal data will be treated with the
strictest confidentiality, and that the server in which these data will be
stored and dealt with has implemented the necessary industry-standard security
measures to prevent accidental or unlawful destruction, loss, alteration,
unauthorized disclosure or access to the above-mentioned data.
2.7 Commercial
communications by electronic mail
GR&ET informs you that the sending of commercial communications
containing information on services or products which may be of your interest
will only be allowed in respect of users who have given their prior consent.
Such consent may be revoked at any time by sending a request using the contact
form.
2.8 Cookies and
spamming
This Web Site does not use "cookies" to gather personal
information such as a person’s name or email address. A "cookie" is a
small text file placed on your computer's hard drive or browser by a webpage
server. The cookies on this website are used to hide certain publicity from the
users that have chosen this option. The cookies are also used to save the
identity of the user in order to allow automatic login to the private home page
of the registered user, but only if this is desired.
We do not send "spam". Spamming is defined as sending unsolicited
e-mails, usually of a commercial nature, in large numbers and in a repeated
manner, to individuals with whom the sender has had no previous contact or who
have declined to receive such communications.
2.9 IP Addresses
GR&E logs IP addresses on the Web Site or the location of your computer
on the Internet for system administration and troubleshooting purposes. We do
not use IP address logs to track your session or your behavior on this Web Site.
IP addresses are used to compile general traffic information. We will not
attempt to identify individual users through their IP addresses.
2.10 Links to other
websites
This Privacy Policy applies only to this Web Site, excluding third party
websites, as we may provide links to other websites which we believe may be of
interest to our visitors. We aim at ensuring that such websites are of the
highest standard. However, due to the nature of the World Wide Web, we cannot
guarantee the standards of every linked website or be responsible for their
content.
2.11 Updates to
this policy
Should GR&E amend this Privacy Policy in order to adapt it to new legal
requirements, we will immediately post the changes on this page so that you are
always aware of what information we gather, how we use it, and under what
circumstances we disclose it.
3. DISCLAIMER OF WARRANTIES AND LIABILITY
Due to the number of sources from which the Content and the Advice is
obtained, and the inherent hazards of electronic distribution, there may be
delays, omissions or inaccuracies in such Content and Advice and the Web Site.
THE CONTENT AND ADVICE AND THE WEB SITE ARE PROVIDED "AS IS", WITHOUT
ANY WARRANTIES. GR&E AND ITS AFFILIATES, AGENTS AND LICENSORS CANNOT AND DO
NOT WARRANT THE ACCURACY, COMPLETENESS, CURRENTNESS, TIMELINESS,
NONINFRINGEMENT, TITLE, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OF
THE CONTENT AND ADVCIE AVAILABLE THROUGH THE WEB SITE, OR THE WEB SITE ITSELF,
AND GR&E HEREBY DISCLAIMS ANY SUCH EXPRESS OR IMPLIED WARRANTIES. NEITHER GR&E
NOR ANY OF ITS AFFILIATES, AGENTS OR LICENSORS WILL BE LIABLE TO YOU OR ANYONE
ELSE FOR ANY LOSS OR INJURY, OTHER THAN DEATH OR PERSONAL INJURY RESULTING
DIRECTLY FROM USE OF THE WEB SITE, CAUSED IN WHOLE OR PART BY ITS NEGLIGENCE OR
CONTINGENCIES BEYOND ITS CONTROL IN PROCURING, COMPILING, INTERPRETING,
REPORTING OR DELIVERING THE WEB SITE AND ANY CONTENT AND ADVICE AT THE WEB SITE.
IN NO EVENT WILL GR&E, ITS AFFILIATES, AGENTS OR LICENSORS BE LIABLE TO YOU
OR ANYONE ELSE FOR ANY DECISION MADE OR ACTION TAKEN BY YOU IN RELIANCE ON SUCH
CONTENT OR ADVICE OR THE WEB SITE. GR&E AND ITS AFFILIATES, AGENTS AND
LICENSORS SHALL NOT BE LIABLE TO YOU OR ANYONE ELSE FOR ANY DAMAGES (INCLUDING,
WITHOUT LIMITATION, CONSEQUENTIAL, SPECIAL, INCIDENTAL, INDIRECT, OR SIMILAR
DAMAGES), OTHER THAN DIRECT DAMAGES, EVEN IF ADVISED OF THE POSSIBILITY OF SUCH
DAMAGES. BECAUSE SOME STATES OR JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR
LIMITATION OF LIABILITY FOR DAMAGES OR THE EXCLUSION OF CERTAIN TYPES OF
WARRANTIES, PARTS OR ALL OF THE ABOVE LIMITATION MAY NOT APPLY TO YOU.
4. LINKS TO THIRD PARTY SITES
This Web Site contains hyperlinks to web sites operated by persons other
than GR&E. Such hyperlinks are provided for your reference and convenience
only. You agree not to hold GR&E responsible for the content or operation
of such web sites. A hyperlink from this Web Site to another web site does not
imply or mean that GR&E endorses the content on that web site or the
operator or operations of that site. You are solely responsible for determining
the extent to which you may use any content at any other web sites to which you
might link from this Web Site. If you wish to make purchases from an area of
the Web Site or a co-branded web site operated by a person other than GR&E
("Co-Branded Site"), you may be asked by the merchant or operator of
the Co-Branded Site or other person from whom you are making the purchase to
supply certain information, including credit card, debit card, or other payment
mechanism information. You agree not to hold GR&E liable for any loss or
damage of any sort incurred as a result of any such dealings with any
Co-Branded Site or merchant or operator of the Co-Branded Site or other person
from whom you are making the purchase. You agree that all information you provide
in connection with such purchase will be accurate, complete and current. You
agree to pay all charges incurred by users of your credit card, debit card, or
other payment mechanism at the prices in effect when such charges are incurred.
You also will pay any applicable taxes, if any, relating to any purchases you
make. Each Co-Branded Site will contain a description of the site’s privacy
policy regarding any personal identifying information you may be required to
disclose as part of the purchase.
5. ADDITIONAL LEGAL TERMS
These Terms of Use, your rights and obligations, and all actions
contemplated by these Terms of Use will be governed by the laws of the
Seychelles, as if these Terms of Use were a contract wholly entered into and
wholly performed within the Seychelles. These Terms of Use will not be governed
by the United Nations Convention on Contracts for the International Sale of
Goods. If any provision in these Terms of Use is invalid or unenforceable under
applicable law, the remaining provisions will continue in full force and
effect, and the invalid or unenforceable provision will be deemed superseded by
a valid, enforceable provision that most closely matches the intent of the
original provision. All rights not expressly granted herein are hereby
reserved. These Terms of Use are the entire and final agreement regarding this
Web Site and its Content, and supersede any prior or contemporaneous
communications between GR&E and you regarding this Web Site and its Content
and Advice.
6. RISK DISCLOSURE
Trading foreign
exchange on margin carries a high level of risk, and may not be suitable for
all investors. The high degree of leverage can work against you as well as for
you. Before deciding to invest in foreign exchange you should carefully
consider your investment objectives, level of experience, and risk appetite.
The possibility exists that you could sustain a loss of some or all of your
initial investment and therefore you should not invest money that you cannot
afford to lose. You should be aware of all the risks associated with foreign
exchange trading, and seek advice from an independent financial advisor if you
have any doubts.