1.1 By registering with Moefel, you agree to be bound by the following Agreement in its entirety and without reservation. As such, this Agreement constitutes a binding legal document between you and the Company and together with the Additional Rules which are deemed to be an integral part hereof, this Agreement shall govern your use of our trading services at all times.
1.2 By registering with the Company, you represent and warrant that: (a) All registration information you submit is truthful and accurate; (b) You will maintain the accuracy of such information; (c) You are Legal of Age (as such term is defined below) or older or else, or otherwise have the legal capacity to form a binding contract; and (d) Your use of the Company's trading services does not violate any applicable law or regulation or any obligation you may have to a third party.
1.3 All transactions between you and the Company take place in Cyprus where the Company's principal servers are located.
1.4 The Company's software (the "Software"), allows you to use our trading services (the "Services"). The Company reserves the right to suspend, modify, remove or add to the Site or Site Content (as such terms are defined below), the Company's platform or the Services in its sole discretion with immediate effect and without notice. The Company shall not be liable for any loss suffered by you resulting from any changes made and you shall have no claims against the Company in such regard.
1.5 In respect of your use of the Services, you may only have one account, for which you will register using your own actual name. You shall access the Software and use the Services only via your own account and you may never access the Software or use the Services by means of another person's account. Should you attempt to open more than one account, under your own name or under any other name, or should you attempt to use the Services by means of any other person's account, we will be entitled to immediately close all your accounts, retain all monies in such accounts and ban you from future use of the Services.
2. The Transactions
2.1 The Company does charge one-time $20 brokerage fees or commission for executing trades.
2.2 Trading Account balances and statements are displayed on your Moefel portal and made available to the Client by the Company. Common term definitions can be found on the Company’s Website.
b.1 The Company may offer the Client a Bonus, Credit or tangible gifts, from time to time, at its sole discretion.
b.2 Bonus benefits and insured trades are extra bonus money added to the Client’s account, which provides more funds for him/her in the form of bonus money to use when trading.
b.3 The Client will be able to withdraw the bonus and/or profits made with the bonus money only after reaching the required trading volume:
b.4 If the Client requests to withdraw before executing the required trading volume, the bonus and the profits made with the bonus will be deducted from his/her total account balance.
b.5 The company reserves the right to deduct up to 20% as a handling fee from the total deposit in the event the company suspects an act of fraud or breach of the company’s terms and conditions by the Client.
b.6 Moefel does not advise the Client to accept and use the benefit unless the Client comprehends the advantages and disadvantages of the benefit.
3.1 The Company shall hold some personal Client information due to the nature of the Company’s business and relations with the Client. All data collected, whether on paper (hard copy) or on a computer (soft copy) is safeguarded in order to maintain Client privacy.
3.2 The Company shall be permitted to disclose and/or use the Client Information for the following purposes: (a) internal use, including affiliated entities; (b) as permitted or required by law; (c) protection against or prevent actual or potential fraud or unauthorized transactions or behavior (d) computerized supervision of the Client’s use of services, review and/or supervision and/or development and/or maintenance of the quality of services; (e) to protect the Company’s rights or obligations to observe any applicable law.
3.3 The Client hereby grants his/her permission to Moefel to make use of his/her details in order to provide updates and/or information and/or promotion or marketing purposes through the Clients E-mail address or other contact information. Cancellation of this consent shall be made in writing by providing written notice to the Company, and shall apply to new publications that have not been sent.
3.4 The Client agrees and acknowledges that the Company may record all conversations with the Client and monitor (and maintain a record of) all emails sent by or to the Company. All such records are the Company’s property and can be used at the Company’s sole discretion, among other things, in the case of a dispute between the Company and the Client.
3.5 Affiliation- the Company may share commission and charges with its associates, introducing brokers or other third parties (“Affiliates”), or receive remuneration from them in respect of contracts entered into by the Company. Such Affiliates of the Company may be disclosed with Client information.
3.6 The Company’s Trading Platform, Website or other services may require the use of ‘Cookies’.
4.1. The offering of Forex on various underlying financial and other assets may not be legal in some jurisdictions. You understand and accept that the Company is unable to provide you with any legal advice or assurances in respect of your use of the Services and the Company makes no representations whatsoever as to the legality of the Services in your jurisdiction. Please verify the relevant laws in your jurisdiction before registering with the Company and using the Services.
4.2. The Services are intended only for users who are not prohibited by the laws of any applicable jurisdiction from acquiring financial contracts on the Internet. The Company does not intend to enable you to contravene applicable law. You represent, warrant and agree to ensure that your use of the Software and the Services will comply with all applicable laws, statutes and regulations. The Company shall not be responsible for any illegal or unauthorized use of the Software or the Services by you. Please consult legal counsel in the applicable jurisdiction if you have any doubts about the legality of your use of the Software and the Services under the laws of any jurisdiction that applies to you. By accepting these terms, you agree to assist the Company, to the extent you are able, with its compliance with applicable laws and regulations.
4. Permitted Participation
4.1. No-one under the age of 18 or the age of legal consent for engaging in the activities included in the Services under the laws of any jurisdiction, whichever is higher ("Legally of Age") may use the Services under any circumstances and any person not Legally of Age who uses the Services will be in breach of the terms of this Agreement. The Company reserves the right to request proof of age at any stage to verify that persons not Legally of Age are not using the Services. The Company may cancel a person's account and exclude a person from using the Services if proof of age is not provided or if the Company suspects that a person using the Services is not Legally of Age.
4.2. We reserve the right to verify your registration details, such as name, address, age, and payment methods used, at any time, by requesting certain documents. These documents shall typically include an identity card, passport or driver's license, proof of address such as a utility bill, and proof of your payment method and DOD, declaration of deposit. If deemed necessary, we may request that the said document copies are notarized, meaning that the documents are stamped and attested by a Public Notary. In the event our requests for documents are not completed by the member, the Company may at its sole discretion terminate the account, and withhold any funds that are present therein. Should the documents fail our internal security checks – for example, if we suspect that they have been tampered with, or are in any way provided to mislead or misrepresent – we shall be under no obligation to accept such documents as valid, and under no obligation to provide feedback on the exact nature of our findings with regards to these documents.
4.3. We reserve the right to perform background checks on any member, for any reason, including (but not limited to) any investigation into the identity of the member, any credit checks performed on the member, or any inquiries into the member's personal history. The basis for such investigations will be dependent on the specific case, but could include (but is not limited to) verification of the member's registration details, such as the name, address and age, verification of the member's financial transactions, and verification of the member's trading activity. The Company is under no obligation to advise the member of such an investigation taking place. Such activities may include the use of specific third party companies, who perform the investigations as required. The Company may decide at its sole discretion to block a member's account and withhold all funds on the basis of such an investigation and its positive outcome for the Company.
Noefel hereby grants you the non-exclusive, non-transferable, non-sub-licensable right to use the Software and all content derived from the Software, including, but not limited to, the copyright and all other intellectual property rights therein, in connection with the Services in accordance with this Agreement. The Software's code, structure and organization are protected by intellectual property rights. You must not:
5.1. copy, redistribute, publish, reverse engineer, decompile, disassemble, modify, translate or make any attempt to access the source code to create derivate works of the source code, or otherwise;
5.2. sell, assign, sub-license, transfer, distribute or lease the Software;
5.3. make the Software available to any third party through a computer network or otherwise;
5.4. export the Software to any country (whether by physical or electronic means); or
5.5. use the Software in a manner prohibited by applicable laws or regulations (together the "Prohibited Activities").
5.6. You will be solely liable for any damage, costs or expenses arising out of or in connection with the commission of any Prohibited Activities. You shall notify the Company immediately upon becoming aware of the commission by any person of any of the Prohibited Activities and shall provide the Company with reasonable assistance with any investigations it may conduct in light of the information provided by you in this respect.
5.7. The brand names relating to the Company's trading platform and any other trademarks, service marks and trade names used by the Company either on its own behalf or together with its partners from time to time (the "Trademarks") are the trademarks, service marks and trade names of the Company or one of its group companies or its licensors or its partners and these entities reserve all rights to such Trademarks.
5.8. In addition to the rights in the Trademarks, the Company (or one of its group companies, licensors or partners) own the rights in all other content, including but not limited to the Software, images, pictures, graphics, photographs, animations, videos, music, audio and text available via the Software or on the Internet (the "Site Content") and the Site Content is protected by copyright or other intellectual property rights.
5.9. You agree not to delete any copyright notices or other indications of protected intellectual property rights from materials that you print or download from the web site.
5.10. You hereby acknowledge that by using the Services or the Software you obtain no rights in the Trademarks or the Site Content and you may only use the same in complete accordance with this Agreement.
In consideration of the rights granted to you to use the Services and the Software, you represent, warrant, covenant and agree that:
6.1. You are Legally of Age as defined in this Agreement, you are of sound mind and you are capable of taking responsibility for your own actions.
6.2. All details provided by you to the Company either during the registration process or at any time thereafter, including as part of any payment deposit transaction, are true, current, correct and complete and match the name(s) on the credit/debit card(s) or other payment accounts to be used to deposit or receive funds in your account.
6.3. Without derogating from the aforementioned, should you use a credit/debit card or any other form of payment which is not in your private and personal name, we will presume that you have received complete and sufficient consent from the rightful owner or the person whom name is used on such payment instrument to make use of such payment instrument for the purposes herein, prior to your engagement with us. We shall not be obligated in any manner to examine such consent and shall bear no responsibility with respect to your representations here-under. You will promptly notify us of any changes to details previously provided by you to the Company.
6.4. From time to time you may be requested to provide us with certain documents to verify the details of the credit card used by you to deposit money to your account. Depending on the outcome of these verification checks you may or may not be permitted to deposit further monies with the credit card previously used by you. Should any of the information that you provide to us be untrue, inaccurate, misleading or otherwise incomplete, you will be in breach of contract and we reserve the right to terminate your account immediately and prevent you from using the Software or the Services, in addition to any other action that we may choose to take.
6.5. If you are registering as or for a business entity, you hereby declare that you have the authority to bind that entity to this Agreement.
6.6. Your account with the Company is solely for your benefit. You shall not allow any third party (including a relative) to use your account, password or identity to access or use the Services or the Software and you shall be fully responsible for any activities undertaken on your account by a third party. You will not reveal your account username or password to any person or business entity and you shall take all steps to ensure that such details are not revealed to any person. You shall inform us immediately if you suspect that your account is being misused by a third party or any third party has access to your account username or password so that we may investigate such matter, and you will cooperate with us, as we may request, in the course of such investigation.
6.7. Moefel has the ability to block a client from the platform if they violated the privacy terms. Moefel is obligated to keep all term of privacy to protect the traders and their trading accounts. A trader who will violate the privacy terms and share his password and personal information with a 3rd Party will risk his ability to log in to his account. In terms of this, Moefel has the ability to decide to block the account and the initial deposit will be returned to the client with no profits.
6.8. You have verified and determined that your use of the Services does not violate any laws or regulations of any jurisdiction that applies to you.
6.9. You fully understand the methods, rules and procedures of the Services and Forex trading in general. Furthermore, you have sufficient experience and knowledge in financial matters to be capable of evaluating the merits and risks of trading in Forex and acquiring financial contracts via this Site and have done so without relying on any information contained in this Site.
6.10. You will not commit any acts or display any conduct that damages the reputation of the Company.
6.11. You are fully aware that there is a risk of losing money when trading in Forex and acquiring financial contracts by means of the Services and you are fully responsible for any such loss. You agree that your use of the Services is at your sole option, discretion and risk. In relation to your losses you shall have no claims whatsoever against the Company or any of its partners or their respective directors, officers or employees.
6.13. You shall use our Internet site (the "Site"), the Services and the Software in complete accordance with the terms and conditions of this Agreement and each of the Additional Rules, all as amended from time to time, and you shall abide by all of the rules and instructions for engaging in the financial activities that comprise the Services.
6.14. You are solely responsible for recording, paying and accounting to any relevant governmental, taxation or other authority for any tax or other levy that may be payable on any amounts paid to you, as the Company does not, in general, collect tax on behalf of any authority in any form or manner . Notwithstanding the foregoing and without derogating from your sole and entire responsibility to perform tax payments, you agree that the Company may deduct tax, as may be required by the applicable law, but is not obligated to do so, from the results of the activity with the Company. You are aware that amounts that may be withdrawn by you from your account are "gross amounts", from which the Company may deduct such taxes, and that you shall have no claim towards the Company with regard to such deductions.
6.15. You are solely responsible for any telecommunications networks and Internet access services and other consents and permissions required in connection with your use of the Software and the Services. You shall be responsible for all access and service fees necessary to connect to the Site and assume all charges incurred in accessing such systems. You further assume all risks associated with the use and storage of information on your personal computer or on any other computer through which you will gain access to the Site and the Services.
6.16. You have implemented and plan to operate and maintain appropriate protection in relation to the security and control of access to your computer, computer viruses or other similar harmful or inappropriate materials, devices, information or data.
6.17. You will not transmit to or in any way, whether directly or indirectly, expose the Company or any of the Company's online service providers to any computer virus or other similarly harmful or inappropriate material or device.
6.18. You agree to use the information received from the information systems of the Company for the sole purpose of executing transactions inside and within the Site.
6.19. You shall not to use any electronic communication feature of a service on the Site for any purpose that is unlawful, tortuous, abusive and intrusive on another's privacy, harassing, libelous, defamatory, embarrassing, obscene, threatening or hateful.
6.20. You shall use the Services and the Software only in good faith towards both the Company and other users of the Services. In the event that the Company deems that you have been using the Services or the Software in bad faith the Company shall have the right to terminate your account with the Services and any other accounts you may hold with the Company and the Company shall be entitled to retain all monies therein. You hereby expressly waive any future claims against the Company in such regard.
6.21. You are responsible for the security of your username and password on your own PC or internet access location. If this username password combination is "hacked" from your computer, due to any viruses or malware that is present on the computer that you access your account with, this is your responsibility. You should report any possible hacking attempts or security breaches from your computer terminal immediately to the Company.
7.1. Illegal Funds and Unlawful Activities: You declare that the source of funds used by you on the Site is not illegal and that you will not use the Services in any way as a money transfer system. You will not use the Services for any unlawful or fraudulent activity or prohibited transaction (including money laundering) under the laws of any jurisdiction that applies to you (in particular, the laws of United Kingdom). If the Company has a suspicion that you may be engaging in or have engaged in fraudulent, abusive, unlawful or improper activity, including, without limitation, money laundering activities or engaging in a transaction out of market rates, or conduct otherwise in violation of this Agreement, your access to the Services may be terminated immediately and/or your account blocked. If your account is terminated or blocked in such circumstances, the Company is under no obligation to refund to you any funds that may be in your account. In addition to terminating your access to the Services and blocking your account, the Company reserves the right to prevent you from accessing any of the Company's other websites or servers, or accessing any other services offered by the Company. The Company shall be entitled to inform relevant authorities, other online service providers and banks, credit card companies, electronic payment providers or other financial institutions (together "Interested Third Parties") of your identity and of any suspected unlawful, fraudulent or improper activity and you will cooperate fully with the Company to investigate any such activity.
7.2. Money Laundering Prevention: Preventing money laundering is a top priority and goal for regulatory authorities worldwide. Money laundering enables movement of illicit funds from criminal activities and makes them potentially available for terrorist activity. At Moefel.net we are fully committed to preventing money laundering via a number of steps:
Client identification and verification procedures via third-party data providers. Identification, monitoring and reporting of suspicious transactions Maintenance of trading records over an extended period of time Training of employees in regards to recognizing and preventing illicit financial transactions. Moefel.com reserves the right to collect and ask for additional forms of identification from our clients prior to funding an account. Further the company reserves the right to refuse to process a transfer at any point if it believes the funds are in any way related to money laundering or criminal activity.
7.3. Circumvention: We have developed and employ sophisticated proprietary technology intended to seek out and identify users making fraudulent or unlawful use of the Services or Software. You shall not break into, access or attempt to break into or access or otherwise circumvent the Company's security measures. If, the Company believes, in its sole discretion, that you are in breach of this clause, the Company may terminate your access to the Services immediately and/or have your account blocked, and the Company may inform Interested Third Parties of your breach of this clause.
7.4. You agree that you will not do any of the following while using or accessing the Site, Services, the Company's trading platform or the Site Content: Interfere with or disrupt (or attempt to interfere with or disrupt) any web page available at the Site, servers, or networks connected to the Site, or the technical delivery systems of the Company's providers, or disobey any requirements, procedures, policies, or regulations of networks connected to the Site; Attempt to access, search, or meta-search the Site or content thereon with any engine, software, tool, agent, device, or mechanism other than software and/or search agents provided by the Company or other generally available third-party web browsers, including without limitation any software that sends queries to the Site to determine how a website or web page ranks; or Use, launch, or permit to be used any automated system, including without limitation "robots", "crawlers" or "spiders".
7.5. You agree to defend and indemnify the Company and its officers, directors, employees, and agents and to hold them harmless from and against any and all claims, liabilities, damages, losses, and expenses, including without limitation reasonable attorney's fees and costs, arising out of or in any way connected with (i) your access to or use of the Site, the Company's platform, or the Services; (ii) your violation of any of the terms of this Agreement; or (iii) any improper or illegal use of your account.
8.1. You are responsible for ensuring that you alone control access to your account, and that no minor or other person is granted access to trading on the Site using your account.
8.2. We take no responsibility for any third party access to your account and under no circumstances shall the Company be liable for any losses incurred by you as a result of misuse of your password by any person or for any unauthorized access to your account. In any case, all positions traded on your account and credit card transactions entered into the Site for your account, where your user name and password have been entered correctly, will be regarded as valid, whether or not authorized by you.
8.3. Monies held in your account shall not attract any interest.
8.4. Accounts in which there have been no transactions (trading / withdrawals / deposits), for a set period of 12 months, will be considered by the Company as being dormant accounts. Such dormant accounts will be charged an annual maintenance fee of US$30 or the full amount of the free balance in the account if the free balance is less than US$30. There will be no charge if the free balance is zero. Consequently, all accounts with a zero free balance will be closed.
8.5. The Company may, at any time, set off any positive balances in your account against any amount owed by you to us.
8.6. The Company may, at its sole discretion, impose volume or other limits on customer accounts.
9.1. Acquisition of a financial contract is completed when the financial contract has been customized, the premium (or the margin, as the case may be) has been calculated and payment has been verified. You agree to be fully and personally liable for the due settlement of every transaction entered into under your account with the Company.
9.2. Each user of the Service is fully responsible for paying all monies owed to the Company. You agree that you will not make or attempt to make any charge-backs, or deny or reverse any payment that you have made and you will reimburse the Company for any charge-backs, denial or reversal of payments you make and any loss suffered by the Company as a consequence thereof. The Company may, at its sole discretion, cease to provide the Services or withhold payment to certain users or to users paying with certain credit cards.
9.3. We reserve the right to run credit checks on all users with third party credit agencies, on the basis of the information provided to us on registration.
9.4. We reserve the right to use third party electronic payment processors or financial institutions to process payments made by and to you in connection with your use of the Services. To the extent that they do not conflict with the terms of this Agreement, you agree to be bound by the terms and conditions of such third party electronic payment processors or financial institutions.
9.5. In the case of suspected or fraudulent payment, including use of stolen credit cards, or any other fraudulent activity or attempted fraudulent activity (including any charge-back or other reversal of a payment), we reserve the right to immediately block a user's account, terminate a user's account, seize the funds within a user's account, refund to users only their initial deposits, reverse any pay-out made and recover any pending balance. We shall be entitled to inform any relevant authorities or entities (including credit reference agencies) of any payment fraud or otherwise unlawful activity, take legal action against a user, and may employ collection services to recover payments. However, under no circumstances shall the Company be liable for any unauthorized use of credit cards, irrespective of whether or not the credit cards were reported stolen.
9.6. All payments into your account must be from a single payment source, such as a credit card, debit card or charge card, on which you are the named account holder.
9.7. Option payouts shall be determined by the Company from time to time by reference to the daily values reported on the Site relevant to the inter-bank trading data received by the Company for all options, provided that the Company shall have the right to make corrections to such data in the event of misprinted or typographically incorrect data.
10.1. Unless otherwise indicated for a particular Service, any communications or material of any kind that you e-mail or otherwise transmit through the Services, including information, data, questions, comments or suggestions will be treated as non-proprietary and non-confidential.
10.2. By accepting this Agreement you grant a license to the Company to use your communications in any way it sees fit, either on the Site or elsewhere, with no liability or obligation to you. The Company is free to use any idea, concept, know-how or technique or information contained in your communications for any purpose including, but not limited to, developing and marketing products.
10.3. The Company is entitled, but not obligated, to review or retain your communications. The Company may monitor your communications to evaluate the quality of service you receive, your compliance with this Agreement, the security of the Site, or for other reasons.
10.4. You agree that such monitoring activities will not entitle you to any cause of action or other right with respect to the manner in which the Company monitors your communications. In no event will the Company be liable for any costs, damages, expenses or any other liabilities incurred by you as a result of the Company's monitoring activities.
11.1. All promotions, bonuses or special offers are subject to specific terms and conditions and any complimentary bonus credited to your account must be used in adherence with such terms and conditions. We reserve the right to withdraw any promotion, bonus or special offer at any time.
11.2. In the event that the Company believes a user of the Service is abusing or attempting to abuse a bonus or other special offer, or is likely to benefit through abuse or lack of good faith from a policy adopted by the Company, then the Company may, at its sole discretion, deny, withhold or withdraw from any user any bonus or special offer, or rescind any policy with respect to that user, either temporarily or permanently, or terminate that user's access to the Services and block that user's account.
11.3. In the event that the Company deems in its sole discretion that you have been taking unfair advantage of the Company's bonuses or have executed any other act in bad faith in relation to a bonus offered on the Site, the Company shall have the right to block or terminate your account with the Company and in such circumstances, the Company shall be under no obligation to refund to you any funds that may be in your account other than your original deposit amounts.
11.4. For further information on the Company's policy with regard to bonuses please refer to our "Bonus Policy".
11.5. These bonuses are limited by time and the conditions related to any bonuses are subject to change. The bonus and profits can be withdrawn only when the foregoing stipulation has been fully respected and fulfilled. Any withdrawal of funds from an account made before completing the terms of the bonus will result in the bonus and its profits immediate cancellation and removal from the trading account. Any indication of fraud, manipulation, cash back arbitrage or other forms of deceptive or fraudulent activity based on the provision of the bonus will invalidate the account and any profits or losses collected.
12.1. The Company has no obligation to check whether users are using the Services in accordance with this Agreement or the Additional Rules, as updated from time to time.
12.2. Under no circumstances shall the Company be obligated to investigate or pursue any complaints made by a user against any other user using the Services or to take any other action in connection therewith, or take any action against a user for any reason, including without limitation for violating the terms of this Agreement. The Company may, at its sole discretion, decide to take appropriate action against any person it suspects of engaging in any unlawful behavior or otherwise violating the terms of this Agreement, but is under no obligation to do so.
12.3. The Company has no obligation to maintain account names or passwords. If you misplace, forget or lose your account name or password because of anything other than the Company's error, the Company shall not be liable.
12.5. The trading hours may vary from time to time and are presented in our asset index page at assets.
12.6. The Company will fulfill to the best of its abilities all your trading orders, keep the register of your orders and of their fulfillment, and will provide you with necessary extracts upon your request.
12.7. The Company shall provide the following online reports: (i) "Open Positions": a report presenting the account's opens transactions; and (ii) "Account Statement": a report presenting the account's balance and statement at a given point of time.
12.8. It is the Company's decision, in its sole discretion, which options to offer for trading on the Site and which option payout rates shall apply for each option upon successful trades.
13.1 The services of the company are approved as in and as available and the company makes no warranties of any kind, express or implied ,including ,but not limited to,warranties of machant ability and fitness for particular purpose.The company does not warrant that any affiliated software,services or communication that may be offered or used by the client shall always be free of viruses or other harmful components,The company will not be liable for any damages of any kind arising from trading or the use of the company's services.The company will not be responsible for an impossibility to execute orders and requirements due to failures in the operation of information systems caused by technical faults,which are beyond it's control
When you use the Company's trading services, this End-User License Agreement (the "Agreement") shall apply to such use to such extent as is applicable to the circumstances.