CIFDAQ Solutions PVT, Private
derivative platform Terms and Conditions
Version: 10032024.001
Updated on 10/03/2024
Spot terms and conditions
Welcome to CIFDAQ Solutions PVT, PVT, (we or us), by accessing this website (https://CIFDAQ.COM) and/or downloading the mobile applications in the Google Play and Apple App stores and/or accessing and using our application programming interface ("API") (available at https://CIFDAQ.COM) (collectively, the Website), you agree to be bound by these Terms and Conditions.
If you agree to these Terms, a legally binding contract is formed between CIFDAQ Solutions PVT, and you. If you do not agree to these Terms and Conditions, you must not visit the Website. If you have created a CIFDAQ Solutions PVT, account, you can deactivate it at any time.
Keywords and definitions
Risk Acknowledgement
Content and use
Services
Account verification
Deposits and withdrawals
Fees and charges
Activity
Liability and compensation
Non-membership
Governing law and dispute resolution
Entire agreement and non-waiver
Key words and definitions
CIFDAQ Solutions PVT, refers to all parties operating and having operated the CIFDAQ Solutions PVT, platform's Solutions PVT, Users: You, as far as you are concerned, as the use of our Services is not restricted or prohibited to you by applicable law, and you are authorized to access and use our Services.
Authorization:
To access the Website and use our services, you must be at least 18 years of age and have the legal capacity to enter into a contract with us. You are not authorised to access the Website or use our Services if you are prevented from doing so by the law applicable to you. Currently, we are not authorised to provide services to citizens or residents of the United States of America.
Services:
Instant Buy Crypto. A simple and convenient way to buy digital assets with just a few clicks by entering the amount in INR equivalent you wish to spend on the purchase. Our system automatically matches the available sell orders and provides you with an estimate of the BTC or ETH you will receive into your own digital asset wallet inside or outside of CIFDAQ Solutions PVT.
Over the Counter (OTC). Our OTC desk is only available for institutional clients.
Spot trading. Our peer-to-peer order matching platform for the derivative platform of digital assets and fiat.
Digital assets, crypto currencies or virtual currencies: Means a value represented in digital form which is digitally transferable, storable or tradable and which natural or legal persons accept as a means of payment, but which is not a legal tender of a country or a fund within the meaning of Article 4(25) of Directive 2015/2366 of the European Parliament and of the Reserve Bank of India in the internal Indian market.
CIFDAQ Solutions PVT account: An account created and maintained by CIFDAQ Solutions PVT. Its access, use or cancellation is under your complete control. CIFDAQ Solutions PVT, does not authorise or access your CIFDAQ Solutions PVT, Account or initiate transactions from your CIFDAQ Solutions PVT, Account.
Content: All text, graphics, user interfaces, visual interfaces, photographs, trademarks, logos, sounds, music, artwork and computer code, including but not to the design, structure, selection, coordination, expression, “look and feel” and arrangement of such content, contained on the Websites and Mobile Applications are owned, controlled or licensed by or to CIFDAQ Solutions PVT, and are protected by trade dress, copyright, patent and trademark laws, and various other intellectual property rights and unfair competition laws.
DISCLOSURE OF RISKS
BY OPENING A CIFDAQ SOLUTIONS PVT, ACCOUNT OR ACCESSING THE SERVICES, YOU ACKNOWLEDGE THAT YOU ACCEPT AND UNDERSTAND THE FOLLOWING RISKS ASSOCIATED WITH DIGITAL GOODS.
Legal status and government protection: In most jurisdictions including India, digital assets are not recognized as legal tender and investments in these assets are not protected by government regulation or insurance policies. This means that losses due to market volatility, fraud, technological failure or regulatory change are not covered by government guarantees or compensation programmes. The legal status of digital assets varies from country to country and may change over time. Compliance with laws and regulations, including anti-money laundering (AML) and know your customer (KYC) standards, is critical but may be subject to change.
Market risk:
Investments in digital assets are exposed to market volatility. Prices can fluctuate significantly due to various factors such as technological developments, regulatory changes, market dynamics and general economic trends. Investors should be prepared for the possibility of significant losses. Some digital asset markets are highly concentrated, with a significant proportion of assets held by a small number of companies, which can lead to market manipulation and increased volatility.
Regulatory risk:
The legal and regulatory framework for digital assets continues to evolve in India. Changes in laws, regulations or government policy could impact the legal status and financial viability of investments in digital asset. These include tax laws, securities regulations and other financial regulations.
Technology risk:
Investments in digital asset are based on blockchain technology, which harbours inherent risks. These include vulnerabilities to cyber-attacks, software failures and interruptions due to internet connectivity issues. Technological failures can lead to financial losses.
Liquidity risk:
Some digital assets may lack liquidity, making it difficult to buy or sell large quantities without a significant impact on the price. This risk is exacerbated by the fact that the markets for digital asset can vary greatly in terms of liquidity and market depth.
Third-party risks:
Many transactions involving digital asset are dependent on platforms or service providers. Operational failures, security breaches or disruptions at these third parties can have a negative impact on investments.
Operational and fraud risk:
The digital asset market is susceptible to fraudulent activity and operational mishaps, including fraudulent schemes, misrepresentation or misappropriation of assets through security breaches.
Tax risk:
The taxation of transactions in digital asset varies around the world and is subject to change. It is the investor's responsibility to understand and comply with the tax obligations in their country. In India the crypto purchase and sale is subject to taxation and further details are available from our customer care department.
Performance risk:
The performance of digital assets may deviate from expectations due to technical problems, changes in consensus algorithms or fluctuations in network activity.
Custody risk:
The risks associated with the custody of digital assets, especially when they are held in wallets or on derivative platforms, include the risk of losses due to hacker attacks, theft or operating errors. The security of digital wallets used to store digital assets is critical. The loss of private keys, wallet credentials or the occurrence of security vulnerabilities can lead to the permanent loss of digital assets.
Changes in technology and protocols:
The underlying technology of digital assets may change, including forks, protocol upgrades or other changes which may affect the value and functionality of the assets. The underlying protocol of a digital asset network may be subject to changes (forks), resulting in significant volatility and uncertainty. This may lead to the creation of new assets or fundamentally change the nature of the existing asset.
Risk of smart contracts:
For digital assets that utilise smart contracts, there are risks associated with the execution and functioning of these contracts. Errors, bugs or vulnerabilities in smart contracts can lead to the loss or theft of assets.
Environmental and energy consumption risk:
Some digital assets, especially those that use proof-of-work consensus mechanisms, have high energy consumption and a major impact on the environment. This can lead to regulatory and social risks.
Interoperability risk:
As the digital asset ecosystem includes various blockchain networks and technologies, there is a risk in terms of interoperability between these different systems. There may be technical difficulties with cross-chain transactions or integrations.
The above list of risks is not exhaustive and further risks may arise as the market for digital asset continues to develop.
CIFDAQ Solutions PVT, does not provide legal, tax or financial advice and you are strongly advised to seek independent legal, tax or financial advice before making any financial decision, including the purchase, trade, ownership or use of digital assets.
You should carefully consider whether trading in digital assets is suitable for you in light of your own financial position and circumstances.
Virtual currencies are not regulated by the Reserve Bank of India and any protection associated with financial services does not apply to the purchase or sale of digital assets.
We do not own or control the underlying software protocols that govern the operation of the virtual currency. In general, the underlying software protocols are “open source” and anyone can use, copy, modify and distribute them. We assume no responsibility for the operation of the underlying software protocols and are not in a position to guarantee their functionality, security or availability. You acknowledge and accept the risk that the underlying software protocols may change in relation to any digital asset that you store in your Virtual Wallet.
Once a withdrawal of digital assets has been requested from your account, there is no way for us to reverse the transaction. You and you alone are responsible for any withdrawal transaction.
Legal and regulatory changes or actions at the state, national or international level may adversely affect CIFDAQ Solutions PVT's ability to continue to offer some or all of its services in any jurisdiction, to continue to support certain digital assets or to continue to serve certain users or user groups. CIFDAQ Solutions PVT, cannot guarantee the continued and uninterrupted provision of services to you.
Content and use
All text, graphics, user interfaces, visual interfaces, photographs, trademarks, logos, sounds, music, artwork and computer code (collectively, "Content"), including but not to the design, structure, selection, coordination, expression, “look and feel” and arrangement of such Content, contained on the Websites and Mobile Applications is owned, controlled or licenced by or to CIFDAQ Solutions PVT, and is protected by trade dress, copyright, patent and trademark laws, and various other intellectual property rights and unfair competition laws.
CIFDAQ Solutions PVT, hereby grants you a personal, non-exclusive licence to access our website and mobile applications and to use our Services solely for the performance of your tasks in accordance with these Terms and Conditions.
You may not use the Content or our Services for any illegal purpose or any other purpose not mentioned in these Terms and Conditions, nor may you allow any third party to use our Services on your behalf, nor may you use our Services on behalf of or for the benefit of any third party in any way.
No part of the Content may be copied, reproduced, republished, uploaded, posted, publicly displayed, encoded, translated, transmitted or distributed in any way (including “mirroring”) to any other computer, server, website or other medium for publication or distribution or for any commercial use or enterprise without our express prior written consent.
You may use the information intentionally made available by CIFDAQ Solutions PVT, for viewing or downloading from our website or mobile applications, provided that you do not remove any proprietary notices from all copies of such documents, use such information only for your personal, non-commercial informational purpose, make no modifications to such information, and make no additional representations or warranties with respect to such information.
You may not use any “deep-link”, “page-scrape”, “robot”, “spider” or other automatic device, programme algorithm or methodology, or any similar or equivalent manual process, to access, acquire, copy or monitor any part of our websites, mobile applications or Content, or to reproduce or circumvent in any way the navigational structure or presentation of the Websites, Mobile Applications or Content in order to obtain or attempt to obtain any materials, documents or information through any means not intentionally made available through our Services. CIFDAQ Solutions PVT, reserves the right to block any such activity.
You may not attempt to gain unauthorised access to any portion or feature of our Services, or any other systems or networks connected to our Services or to any server thereof, through hacking, password “mining” or any other illegitimate or unlawful means, including using virtual private networks or any other mechanism that would facilitate the prohibited use of/access to the Content or Services.
You may not probe, scan or test the vulnerability of our Services or any network connected to our Services or breach security or authentication measures. You may not trace or attempt to trace any information on any other user of or visitor to our websites or mobile applications, including any account on our websites or mobile applications not owned by you, to its source, or utilise any service or information made available or offered by or through our Services in any way where the purpose is to reveal any information other than your own information, including but not to personal identification or information provided through our websites or mobile applications.
You may not use any device, software or routine to interfere or attempt to interfere with the proper working of our services or any transaction being conducted on our websites or mobile applications. You may not forge headers or otherwise manipulate identifiers in order to disguise the origin of any message or transmission you send to CIFDAQ Solutions PVT, on or through our websites or mobile applications. You may not pretend to be or represent another person or impersonate any other person or entity. You may not use our Services for any purpose that is unlawful or prohibited by these Terms, or to solicit the performance of any illegal activity which infringes the rights of CIFDAQ Solutions PVT, or others.
You agree that CIFDAQ Solutions PVT, may, in its sole discretion and without notice, terminate your access to its Services and/or block your future access to your CIFDAQ Solutions PVT, account if it determines that you have violated these Terms and Conditions or other agreements which may be associated with your use of our Services. You further agree that any violation of these Terms and Conditions by you will constitute an unlawful and unfair business practise, and will cause irreparable harm to CIFDAQ Solutions PVT, for which monetary damages would be inadequate, and you agree that CIFDAQ Solutions PVT, will seek any injunctive or equitable relief that CIFDAQ Solutions PVT, deems necessary or appropriate in such circumstances. These remedies are in addition to any other remedies CIFDAQ Solutions PVT, may have at law or in equity.
You agree that CIFDAQ Solutions PVT, may, in its sole discretion and without prior notice, terminate your access to the Content or Services for cause, including, but not to, requests by law enforcement or other government agencies, a request by you (self-initiated account deletions), discontinuance or material modification of the Services, or unexpected technical issues or problems.
If CIFDAQ Solutions PVT, takes any legal action against you for breach of these Terms and Conditions, CIFDAQ Solutions PVT, will be entitled to recover from you, and you agree to pay, all reasonable attorneys' fees and court costs, in addition to any other relief granted to CIFDAQ Solutions PVT, . You agree that CIFDAQ Solutions PVT, shall not be liable to you or any third party for termination of your access to our Services as a result of any breach of these Terms and Conditions.
Services
CIFDAQ Solutions PVT, provides a platform on which buyers and sellers of virtual currencies can trade virtual currencies and fiat currencies.
For providing this software platform, CIFDAQ Solutions PVT, charges deposit, withdrawal and trading fees as described below.
CIFDAQ Solutions PVT, cannot guarantee timeliness as there are external factors that may affect the continuous provision of services. However, CIFDAQ Solutions PVT, endeavors to offer a platform that operates around the clock.
It is part of our service and our responsibility to you to ensure the security of your account. We generate a unique alphanumeric string linked to the email address you provide, a Unique Identifier or UID (CIFDAQ Solutions PVT, Account), for each user when they log in. We provide a unique wallet address for each account so that you can deposit virtual currencies into this account and withdraw them from this account to an external wallet of your choice.
We act as custodian of the Virtual Currency stored in your CIFDAQ Solutions PVT, Account and are not authorised to access your CIFDAQ Solutions PVT, Account or initiate transactions to and from your CIFDAQ Solutions PVT, Account. All transactions are your sole responsibility.
You represent and warrant that you have full authority to enter into these Terms; that you have not been previously suspended or barred from using our Services; that you are not located in a restricted country where digital assets are prohibited by law or in a country subject to sanctions imposed by the Organisation of Foreign Assets Control and/or the United Nations; that you are not identified as a “Specially Designated National”. If you have any questions in this regard, please contact us at CIFDAQ Solutions PVT.
Any misrepresentation or fraudulent use of a crypto account will be considered a serious breach of these Terms and Conditions. If we become aware or it is proven based on trading activity that the purpose of the crypto account is to commit fraud, we will immediately suspend and block the crypto account. We reserve the right to take necessary legal action against any party to protect our rights, our users and our resources.
We do not offer our Services in all markets and jurisdictions and may restrict or prohibit the use of all or part of the Services in restricted jurisdictions or territories. As of the effective date of these Terms and Conditions, we do not currently offer our Services in the following countries and territories: Afghanistan, American Samoa, Canada, Cuba, Guam, Iran, Iraq, Japan, Lebanon, Libya, Myanmar, Nicaragua, North Korea, Northern Mariana Islands, Occupied Territories of Ukraine, Pakistan, Puerto Rico, Russian Federation, Somalia, South Sudan, State of Palestine, Sudan, Syria, U.S. Virgin Islands, United States of America, Uzbekistan, Venezuela, Yemen. Please note that this list may be updated at any time to reflect changes in applicable laws, regulations or our internal policies. It is your responsibility to ensure that you comply with the regulations
Services
CIFDAQ Solutions PVT, provides a platform where buyers and sellers of virtual currency can trade virtual currency and fiat currency.
For the provision of this software platform, CIFDAQ Solutions PVT, charges deposit, withdrawal, and trading fees as described below.
CIFDAQ Solutions PVT, cannot guarantee on-time as there are external factors that may affect the continuous provision of the services. Nevertheless, CIFDAQ Solutions PVT, exercises all efforts to offer a platform that runs 24/7.
Part of our service and responsibility to you is to maintain the safety of your account. We will generate an individual alphanumeric string that is associated with the email address you provide, a Unique Identifier, or UID (CIFDAQ Solutions PVT, Account) for every user upon sign-up. We make available a unique wallet address for each account so you can deposit virtual currency onto this account and withdraw from this account to an external wallet of your choice.
We act as custodians of the virtual currency stored on your CIFDAQ Solutions PVT, Account and are not permitted to access your CIFDAQ Solutions PVT, Account nor to initiate any transactions to and from your CIFDAQ Solutions PVT, Account. Any transactions are your sole responsibility.
You represent and warrant that you have full authority to enter into these Terms and Conditions; that you have not previously been suspended or removed from using our services; are not located in, under the control of, or a national or resident of any restricted location or where digital assets are prohibited by law or any country to which is under Sanctions of the Organization of Foreign Assets Control and/or the United Nations; that you are not identified as a “Specially Designated National”. For any questions in this regard, you may contact us at CIFDAQ Solutions PVT.
Any misrepresentation or fraudulent use of a CIFDAQ Solutions PVT, Account is considered a severe breach of these Terms and Conditions. In case we become aware or due to the trading activity it is demonstrated that the purpose of the CIFDAQ Solutions PVT, Account is to conduct fraud, we will immediately suspend and block the CIFDAQ Solutions PVT, Account. We reserve the right to take the necessary legal action against any parties to protect our rights, our users, and our resources.
We may, at our own discretion, restrict the number of accounts that you may hold, maintain, or acquire. You are solely responsible for the password you assign to your account, for its security and protection from disclosure. You must promptly notify us if you discover or otherwise suspect of any security breach related to your CIFDAQ Solutions PVT, Account.
You are solely responsible for all the activities in connection with your use of the Services, through your CIFDAQ Solutions PVT, Account and/or using your password, and for the security of your computer systems, and in no event shall CIFDAQ Solutions PVT, be liable for any loss or damages relating to such activity. You should not create different accounts for your own use, any malicious, fraudulent, unfair or otherwise detrimental use of our platform may lead to an automatic suspension and/or termination of our Services.
Depending on the order type that you select, you will also have to insert certain details. For limit orders, the order limit price; for stop price orders, the stop price; and for take-profit orders, the stop price. You may cancel an order if this order at any time as long as it has not been filled yet, once filled, the order is automatically settled without the possibility of roll-back. If you cancel an order before being filled, your balance will be automatically corrected.
You acknowledge that you understand that wash trades are prohibited. If during the matching process, an incoming order is matched against a book order that relates to the same CIFDAQ Solutions PVT, Account or to different CIFDAQ Solutions PVT, Accounts of the same user, the match will not take place, and the remaining part of the incoming order will be canceled. We may suspend and/or block access to such CIFDAQ Solutions PVT, Accounts.
Your trading history will be kept by us at all times throughout the validity of these Terms and Conditions and for a period of up to 5 years after you have closed your CIFDAQ Solutions PVT, Account.
Promotional events that we make available for you are regulated by these Terms and Conditions and the specific terms and/or conditions set by the specific promotional event.
Only one user can be registered at a time, but each individual user (including any user that is a business or legal entity) may maintain only one main account at any given time.
Account Verification
To form a contract with you, we are required to request personally identifiable information from you.
By law, we are obliged to collect personally identifiable information from you as part of our Know-Your-Client (KYC) and Anti-Money Laundering (AML), and Prevention of Terrorist Financing (TF) practices.
Before making any deposit onto your CIFDAQ Solutions PVT, Account and at any time that we may deem necessary, we will request certain personally identifiable information from you, which may include a self-portrait photo of you and/or holding a photo-government-issued-ID, payment bank card, and any other document/information that we consider necessary.
If you have selected to open a CIFDAQ Solutions PVT, Account for a legal entity, your account will be regarded as an “Institutional Account”, you represent and warrant that the legal entity which you represent is a legal entity duly organized and validly existing under the applicable laws of its jurisdiction, that it is in good standing and that you are duly authorized by a such legal entity to act on its behalf.
In order to open an Institutional Account, we may request corporate documents of your organization, as well as, information regarding your business and your intended operations using our services, volumes, and any other information that we consider relevant to establish a business relationship. For any questions in this regard, you may contact us at CIFDAQ Solutions PVT.
Any and all the information that you provide in order to open and operate your CIFDAQ Solutions PVT, Account will be processed in accordance with our Privacy Policy. For any questions in this regard, you may contact us at CIFDAQ Solutions PVT.
Deposits.
You can deposit funds to your CIFDAQ Solutions PVT, Account from your personal bank account via bank transfers in INR using local payment options like UPI/Net-banking/RTGS
The minimum deposit amount for bank transfers is equivalent of 500 Rs.
We do not charge any fees for fiat deposits made via bank transfer. However, you should be aware that your own bank may impose fees for initiating the transfer.
You acknowledge and agree that deposits made via bank transfer may not be immediately reflected on your CIFDAQ Solutions PVT, Account balance. Such transfers and processing of fiat currency are conducted by third-party financial institutions independently and outside of our control. Consequently, there may be inherent delays in the processing and reflection of the deposited funds on your balance, and we shall not be held responsible or liable for any delays or issues arising from the operations of said financial institutions.
You must include the reference number of your CIFDAQ Solutions PVT, Account in the description of your payment order, otherwise, the transaction will be subject to a refund.
Bank Card
You can deposit funds to your CIFDAQ Solutions PVT, Account using a debit/credit card.
The minimum deposit amount is 1000 INR.
Please be aware that withdrawals to bank cards currently are not available.
Crypto Transfer
You can deposit various digital assets to your CIFDAQ Solutions PVT, Account.
To transfer your digital assets to your CIFDAQ Solutions PVT, Account, you should select a digital asset you would like to transfer in the deposit section of the website and send the respective amount of the digital asset to a designated wallet address.
You can only deposit digital assets supported by CIFDAQ Solutions PVT. The full list of supported digital assets is available on our website.
We do not charge any fees for deposits made via crypto transfer. However, you should be aware that you may incur transaction fees or costs imposed by the underlying blockchains or networks facilitating the transfer of said digital assets. We have no control over, nor do we derive any benefit from, these fees and we shall bear no responsibility or liability for their determination, imposition, or collection. You are solely responsible for ensuring the adequacy of digital assets sent to cover any such transaction fees.
Buy Crypto
You can instantly purchase a specific digital asset with your debit/credit card.
The minimum purchase amount is 1000 INR.
After the completion of the transaction, your digital assets will be credited to your CIFDAQ Solutions PVT, Account.
Withdrawals
Bank Transfer - INR
You can withdraw funds from your CIFDAQ Solutions PVT, Account to your personal bank account via bank transfers in INR using UPI/Net-banking/RTGS/IMPS.
You can only withdraw funds to a bank account opened in your name. No transfers to a third-party bank account are allowed.
The minimum withdrawal amount couldn’t be lower than or equal to the applicable Fees charged by CIFDAQ Solutions PVT for the withdrawal of funds.
Crypto Transfer
You can withdraw funds from your CIFDAQ Solutions PVT, Account by transferring your digital assets to an external wallet address.
The minimum withdrawal amount is specific for each particular digital asset. You can find relevant information in the Fees section of the website.
Fees.
By using our Services, you agree to the applicable fee structure as set out in these Terms and Conditions and on the website and authorize us to deduct such fees from your CIFDAQ Solutions PVT, Account balance.
All fees charged by CIFDAQ Solutions PVT for trading activity, deposits, and withdrawals are specified in the Fees section of the website (https://CIFDAQ.COM/VIP).
CIFDAQ Solutions PVT, doesn’t charge any fees for deposits made via Bank Transfer and Crypto Transfer. However, you may be subject to external fees charged by your bank or respective blockchain for the processing of transactions. Please be aware, that CIFDAQ Solutions PVT, doesn’t determine or control those external fees.
CIFDAQ Solutions PVT, may modify, update, or change its fee structure at any time at its own discretion. Any changes to our fees will be communicated through our official channels, including but not to our website, email notifications, or mobile notifications.
CIFDAQ Solutions PVT, eserves the right to impose inactivity fees for accounts that remain inactive for a continuous period of 12 months subject to a prior written notice. We will use commercially reasonable efforts to reach out to you before imposing any inactivity fees on your CIFDAQ Solutions PVT, Account.
CIFDAQ Solutions PVT, reserves the right to apply additional fees for refunds made due to incompliance with the rules set out herein to cover its transactional costs. The amount of additional fees could not be higher than the standard fees charged by CIFDAQ Solutions PVT for withdrawals of funds.
Cryptocurrency withdrawals are subject to risk management analysis. According to the level of risk, we may increase or decrease the withdrawal fee.
Activity
Buyers and sellers of digital assets conduct trading with each other, CIFDAQ Solutions PVT is not a counterparty to any trade that you make. CIFDAQ Solutions PVT does not promise, guarantee, or otherwise, assure that the Services will be error-free or uninterrupted or that any defects will be corrected, or that your use of our Services will provide specific results.
Our Services are delivered on an “as-is” and “as available” basis. CIFDAQ Solutions PVT disclaims any, and all liability from events out of our control, such as transactions processed through the blockchain for a particular digital asset. You acknowledge and accept that any transaction made on the blockchain is irreversible, you are solely responsible to insert the correct wallet information for transfers of digital assets in and out of our Services.
You assume total responsibility for your use of our Services, your activities, orders, transactions, submitted documentation, and overall behavior. Your only remedy against CIFDAQ Solutions PVT for dissatisfaction with our Services is to stop using our Services. This limitation of relief is a part of the bargain between you and CIFDAQ Solutions PVT.
All the orders will be entered into on an execution-only basis and CIFDAQ Solutions PVT shall not be deemed to have made any recommendation to you, advise on the merits of any purchase or sell order, or assess the suitability of any order for you, CIFDAQ Solutions PVT, will not assume any liability in this respect. By using our Services, you express your acknowledgment of the risks, and CIFDAQ Solutions PVT is entitled to assume that you have sufficient experience and knowledge to understand the risks involved in each order you enter into.
If on any date or time, amounts would be otherwise payable in respect of the orders, any such amount will be automatically satisfied and discharged from your account’s balance.
On the occurrence of an event of default, we may specify a date for the termination and liquidation of all the active orders (the “Liquidation Date”). On or before the Liquidation Date, you are obligated to make any further payments under your active orders. CIFDAQ Solutions PVT may, otherwise, liquidate any open position you hold to cover the necessary payments due.
In case your trading activity is unusual or abnormal, CIFDAQ Solutions PVT, , in its sole discretion, is entitled to stop processing your transactions until clarifying the situation, asking for further verification, or any other necessary documentation that it may be required by law or agreements with counterparties, such as, but not to, payment processing partners, financial institutions or others.
In case your trading activity is such that might reasonably be considered as abusive or is adopting trading strategies aimed at exploiting misquotations or is generally deemed to be acting in bad faith or attempting to abuse the information or facilities available through our Services (commonly known as “sniping”) CIFDAQ Solutions PVT, is entitled to suspend its Services indefinitely, including the permanent closing of the account.
You are strictly prohibited to perform “self-trading” (or “wash-trading”) actions. CIFDAQ Solutions PVT, ’s system will identify when this type of action occurs and your account will be penalized with an automatic transaction fee on the value of each transaction that is deemed to have been “self-traded”. We reserve the right to suspend access to our Services.
Liability and indemnification
Except where prohibited by law, in no event will CIFDAQ Solutions PVT, be liable to you for any indirect, consequential, exemplary, incidental, or punitive damages, including loss of profit, even if CIFDAQ Solutions PVT, has been advised of the possibility of such damages.
You agree to indemnify and hold CIFDAQ Solutions PVT, , its officers, directors, shareholders, predecessors, successors in interest, employees, agents, subsidiaries, and affiliates, harmless from any demands, loss, liability, claims, or expenses, including legal fees, made against CIFDAQ Solutions PVT, by any third party due to or arising out of or in connection with your use of our Services.
Non-Affiliation
We are not affiliated with, nor endorsed by any third party; we do not collaborate, work in affiliation with, or otherwise in connection with any third party, including, but not to different service providers such as gambling, binary, forex brokers, etc.
CIFDAQ Solutions PVT, is a company that operates independently /? with no affiliation to regulated or unregulated brokers.
Governing Law & Dispute Resolution
The use and access to our services are regulated under the laws of the Republic of India and any dispute emerging from the interpretation of these Terms and Conditions and/or breach of these Terms and Conditions with respect to the services shall be resolved via negotiation. In case negotiation fails, you and CIFDAQ Solutions PVT, agree to submit the controversy to the competent courts of the Republic of India.
Entire Agreement and Non-Waiver
These Terms and Conditions constitute the entire agreement between you and CIFDAQ Solutions PVT, with regard to your use of our services, and any and all other written or oral agreements or understanding previously existing between you and CIFDAQ Solutions PVT, with respect to such use are hereby superseded and canceled.
CIFDAQ Solutions PVT, ’s failure to insist on or enforce strict performance of these Terms and Conditions shall not be construed as a waiver by CIFDAQ Solutions PVT, of any provision or any right it has to enforce these Terms and Conditions, nor shall any course of conduct between CIFDAQ Solutions PVT, and you or any other party be deemed to modify any provision of these Terms and Conditions.
