Active client – is a client who has been affiliated by a partner and is in his group, and who has carried out 1 (one) complete transaction within 1 calendar month for the result of whose trade a compensation has been credited to a Partner
Complete transaction – is a carried out trading operation, the result of which has been reflected on the trading account balance.
Partner compensation – is a system of accounts involving crediting compensations to a Partner for the trading operations of Partner’s affiliated clients.
Partner – is a physical person attracting clients to a company and acting in accordance with this Agreement for the sake of the Company.
Locked positions – are long (Buy) and short (Sell) positions of the same value opened on one currency pair on one trading account.
Referral affiliate link – is a static link directing to the Company site, which contains a Partner’s ID, placed by a Partner to attract clients.
Subpartner – is a Partner, registered in the Company and who is in the higher Partner’s group.
The “World Forex” Company hereinafter referred to as “Company” offers the service for the conversion (exchange) transactions at the foreign exchange market Forex, SDF shares, indexes, metals and digital contracts to a physical person (hereinafter “Client”) and in terms and conditions of this Agreement (Offer) enters into a contract between the Company and a physical person (hereinafter “Client”) who has opened a partner account in the Company.
1.1 The Company and the Partner undertake obligations related directly to attracting Clients to the Company and conducting trading operations with the instruments offered by the Company subject to the terms and conditions set forth in this Agreement.
1.2 The Company and a Partner that they will conform to the terms stated in this Agreement except if otherwise provided additionally.
1.3 Fulfilling these obligations, a Client acts only for himself and on his own behalf while attracting clients to the Company.
1.4 A Partner implicitly admits that all clients affiliated on his behalf are the clients of the Company.
1.5.1 A Partner registers on the Company website as a Client, and then draws up an application for joining the Partnership program, in the special section of the site.
1.5.2 During the registration, a Partner is obliged to provide verifiable information.
1.5.3 The Company has the right to demand from the Partner to confirm the authenticity of the data provided during the registration in the Partnership program. For this purpose, the Company can at any moment obligate a Client to submit a scanned passport copy or a notarized copy (upon the Company’s discretion).
1.5.4 Upon the registration confirmation, a Partner is assigned with a unique ID-code and is also provided with a client account (in USD) for crediting compensations from the trade of the clients affiliated by a Partner.
2.1. A Partner may provide potential Clients with any advertising information about the Company referring to the corresponding section of the Company’s website and information confirmed to be authentic by the Company.
2.2. A Partner shall provide the Clients with clarifications relating to the subject-matter of the agreements and services offered by the Company.
2.3. A Partner is obliged to notify a Client of risks related to trading at currency markets before the Public Offer Agreement is signed.
2.4. A Partner shall refrain from giving a Client recommendations and pieces of advice concerning trading operations on the trading account. If otherwise, the Company shall not bear responsibility for consequences of the recommendations and advice.
3.1 A Client is considered to be affiliated by a Partner provided that he registers as a Company’s Client for the first time ever, taking into account adhering to one of the following conditions.
3.1.1 A Client enters the Partner’s ID in the registration form during opening a trading account.
3.1.2 A Client clicks through a banner and/or a special affiliate link placed on the Partner’s web-resource to the Company’s website.
3.1.3 The Company can on its own register a Client as affiliated by a Partner upon the condition that a Partner can prove the fact of attracting this Client.
3.1.4 Should a Client is acknowledged as affiliated by a Partner, all subsequent trading accounts opened by a Client will be placed into the Partner’s affiliate group provided that all accounts are opened within one Trader room.
3.1.5 A Partner’s Client cannot be a Partner himself, as well as his relatives or any other affiliated persons. Should any Partner and Client’s data (such as passport details, address, telephone, e-mail, IP addresses, payment requisites, etc.) The Company has the right to suspend or terminate the operation of the partnership agreement. coincidences are detected, the Client’s accounts on which the coincidences are detected will be expelled from the Partner’s affiliate group, partner compensation crediting to these accounts will not be performed. Compensations and trade profit credited to such accounts cannot be withdrawn or transferred from the Partner’s affiliate or trading account and will be cancelled by means of the account balance correction. The trading partner’s profit will be canceled and the deposit will be returned to the balance of the payment instrument.
4.1 A Partner should attract new Clients so that Clients register on the Company’s website and operate at international financial markets under the Company's terms and conditions.
4.2 A Partner is obliged to comply with all paragraphs of this agreement.
4.3 A Partner has the right to take part only in the frame of one partnership program.
4.4 The Partner is obliged to be competent at the Company’s services and master general information about international financial markets.
4.5 A Partner is obliged to monitor all changes in the Company’s work, news, special offers on his own and inform Clients in the affiliate group about them in due time.
4.6 A Partner is obliged to provide Clients of the affiliate group with comprehensive information, as well as solve problems which may arise during Client’s trade at foreign exchange markets.
4.7 A Partner is obliged to give the Clients all necessary explanations regarding the services provided by the Company.
4.8 A Partner is obliged to contact Company’s specialists in the case he is not able to solve the Client’s problems on his own, having received all details necessary for solving the problem (account numbers, order tickets, time, etc.) beforehand.
4.9 A Partner has the right plan and conduct marketing and promotional offers only after agreement with the Company.
4.10 A Partner has the right to perform replenishment/ funds withdrawal from the client account to which partnership compensations are credited in accordance with the Public Offer Agreement.
4.11 A client account to which partnership compensation is credited has the same features as a client’s client account (in accordance with the account types). Funds can be transferred to any trading account for the Partner can carry out trading operations.
4.12 A Partner has the right to monitor efficiency of promotional offers using the statistics provided by the Company.
4.13 A Partner has the right to use promotional materials provided by the Company such as banners, widgets/informers, text links, landing pages etc.
4.14 A Partner has the right to use the Company’s logo for advertising.
4.15 A Partner is obliged to inform the Company about all facts and circumstances become known to him and which can lead to adverse effects for the company.
5.1 Use the Company’s website design and any of its elements, with an exception of Company’s logo, including full or partial copying.
5.2 A Partner shall not be entitled to make settlements with Clients (cash or non-cash, in national or foreign currency) and to accept funds, securities or other property from Clients.
5.3 A Partner shall not be entitled to attract Clients by means of unlawful ways and methods. Unlawful ways and methods are considered to be the followings: fraud, false representation, presenting incomplete information concerning the risks arising while investing into financial instrument and others.
5.4 A Partner shall not be entitled to use any types of unfair advertising to promote his performance. In particular, it is prohibited to use:
- the systems of active promotion;
- advertisement on the corrupt sites;
- advertisement with willful misinterpretation of the offered services as well as willful non-disclosure of the information about the risks and offered services to the Clients;
- any other types of unfair advertising.
5.5 A Partner shall absolutely not be entitled to place any advertisement with an affiliate referral link to the Company’s site or to any other web-resource in the Yandex, Google systems of contextual advertising, banner exchange, internet guides, etc. using “WorldForex”, “WForex” and all possible variants of its spelling as a key-word, as well as using consonant words in any language.
5.6 A Partner shall not be entitled to use redirectors or any other forms of forced redirecting users to the Company’s official site.
5.7 A Partner shall not be entitled to carry out any operations with a Client’s trading account without an appropriate approval from the Client.
5.8. A YouTube channel or a Web-resource should not contain any materials with sexual and erotic content, advocacy of violence and racial discrimination, calls for crime commitment, explicit language in the unreasonable amount, and software capable of damaging a client’s equipment.
5.9. Partner is not allowed to extract additional profits by manipulating the terms of the affiliate program.
6.1 To open trading accounts in the Company for the Clients affiliated by a Partner in accordance with trading conditions and pursuant to the Public Offer Agreement.
6.2 The Company is obliged to inform a Partner about changes introduced into a Partnership agreement by means of placing relative information on the Company’s site.
6.3 The Company is obliged to provide a Partner with information regarding Client’s performance on Digital contracts trading and at the Forex market.
6.4 The Company is obliged to pay the compensation to a Partner under the provisions of this Agreement.
6.5 The Company has the right to request the Partner to provide a full report on the course and results of the Client attraction campaigns.
6.6 The Company has a right to inform Clients of the affiliate group about compensations received by the Partner from trading operations conducted by them on Digital contracts and international financial Forex market for the activity declared in this Agreement.
6.7 Should a Partner fails to perform any obligations under this Agreement, the Company shall be entitled to expel the Client from the Partner’s affiliate group.
6.8 The Company has the right to terminate or suspend this Agreement in case the Partner did not attract 3 or more active Customers within 90 days since the last active referral registration.
6.9 Under no conditions the Company bears responsibility for:
6.9.1 The Partner’s any actions and failures to act, committed beyond the authority granted by the Company.
6.9.2 Any damages a Partner causes to any third persons.
6.10 The Company shall be entitled to terminate this Agreement at its sole discretion in case a Partner breaches or fails to perform any obligations under this Agreement, the partner’s profit will be canceled and the deposit will be returned to the balance of the payment instrument.
7.1 A Client is registered and referred to the Partner’s affiliate group by either of the following methods:
7.1.1 By clicking on an affiliate link to the Company’s official website.
7.1.2 By entering a Partner’s ID code in the form during registration on the Company’s site.
7.1.3 By means of referring a Client to the Partner’s affiliate group by the Company, under the condition that the Client’s registration occurs later than the Partner’s one and a Partner provides the Client’s full name and the account number within 10 days from the moment of opening a trading account.
7.1.4 Information about the transition on a link containing the partner ID to the company website, stored in the cache of the Internet browser. Validity cache - 2 years from the date of transition. If after some time, the customer will make the transition by referral of another partner, cache are overwritten with the new partner ID.
7.2 A Client has the right to refuse from a Partner’s service and be serviced directly in the Company.
7.2.1. When opening a trading account a Client can specify another partner’s ID. In such a case, a client’s trading profile remains in the main Partner’s group, but the trading account enters the group of the Partner whose ID was specified when opening this account.
7.3 With the purpose of preventing unfair competition, it is prohibited to move clients from one affiliate group to another.
A Partner can participate in the programmes “Internet - Partner”, “YouTube - Partner” and “Representation”.
Depending on the fulfilling the conditions, the following levels can be assigned to a Partner: “Beginner”, “Profi” and “Expert”.
A multilevel system of the partnership compensations is available for all levels of the Partnership program.
The “YouTube-Partner” program can be applied to a Partner only under the conditions that there is a verified web-resource in the personal Trader room.
Upon registration in the partnership programme “Internet - Partner”, in the Personal trader’s cabinet, it is necessary to add one or more Web-resources containing referral affiliate link to any page of the Company’s site.
In order to participate in the partnership programme “YouTube - Partner”, in the Personal trader’s cabinet, it is necessary to add for verification one or more YouTube channels containing referral affiliate link to any page of the Company’s site. A Partner should place his ID in the channel description for the period of verification.
Web-resources verification is carried out within 3 working days since the moment of filing a resource for verification. A successful verification will result in assigning the “Verified” status to the Web-resource. After that the “Beginner” level of the “Internet-Partner” program is assigned to a Client.
Web-resource verification can be cancelled in case if the Company considers that the web-resource does not correspond with the Currency market, Forex or Digital contracts subject matters.
The level “Beginner” of the programme “Internet - Partner” is assigned automatically upon registration in the Partnership programme of World Forex Company.
The level “Beginner” of the programme “YouTube - Partner” can be assigned to a Partner under the condition that a Partner has a verified YouTube channel of the financial subjects.
The “Profi” level of the “Internet-Partner” and “YouTube-Partner” program can be assigned to a Partner upon the fulfilling the following conditions:
- the number of active clients is 20;
- the monthly turnover of the Partner’s clients should be 85 standard lots or the turnover of 25 000 USD on the Digital contracts assets for 30 days. In case of attracting the clients of a joint business, the requirement for the total turnover should be met at least for one group of the financial instruments. Should the turnover requirement is not fulfilled having 20 or more affiliated clients in the Partner’s group, the Company makes the decision on the level change at own discretion.
The “Expert” level of the “Internet-Partner” and “YouTube-Partner” program can be assigned to a Partner upon the fulfilling the following conditions:
- the number of active clients is 100;
- the monthly turnover of the Partner’s clients should be 600 standard lots or the turnover of 300 000 USD on the Digital contracts assets for 30 days. In case of attracting the clients of a joint business, the requirement for the total turnover should be met at least for one group of the financial instruments. Should the turnover requirement is not fulfilled having 100 or more affiliated clients in the Partner’s group, the Company makes the decision on the level change at own discretion.
The conditions of cooperation and the size of motivation according to the programme “Representation” are determined individually upon the consideration of an application submitted in an appropriate section on the Company’s official site or a letter sent to [email protected] by the Partnership department.
9.1 The partnership compensation is credited to a Partner on a daily basis in accordance with a table of the partnership compensations on the financial instruments provided for trade in the Company.
9.2 A Partner’s compensation depends on the trading instrument, the trade value, Client’s account type, and financial contracts.
9.3 The condition for awarding the partnership compensation is that a deal should pass minimum amount of “MTP” specified for each instrument of the Forex assets, in the table of partnership compensations. “MTP” calculation occurs at the moment of closing the deal.
9.4 The partnership compensation is not credited to the deals, the duration of which is less than 2 (two) minutes. This rule is also applicable to the deals, the value of which has been locked by the reverse deal on the same trading order during less than 2 minutes from the moment of opening the first deal.
9.4.1. The partnership compensation is not credited to the deals of the Digital contracts group “Digital contracts 0-100”.
9.5 Should the reverse position of the same value and on the same financial instrument fully or partially locking the first position value be opened, the partnership compensation will credited to the both deals in the amount of 50% from the specified partnership compensation value for this instrument.
9.6 In case if a Partner has affiliated less than 3 active partners during the month, the Company has the right:
- to decrease a Partner’s level to “Beginner” is a Partner is on the level “Profi” or “Expert”;
- to suspend the Partnership programme if a Partner is on the level “Beginner”.
9.7 The Company reserves the right to reduce the compensation in half in case if the amount of a daily crediting to a Partner’s account is less than 400 USD provided that there are less than 9 active clients in the Partner’s affiliate group.
9.8 The Company has the right not to award the partnership compensation to the Client’s deals performed due to the trading platform faults, as well as exclude such Clients from the Partner’s affiliate group
9.9 In case if a disputable situation originates on the order, from which the partnership compensation has been credited, the Company reserves the right to cancel the compensation derived from such deal by means of correcting the balance of the Partner’s affiliate account.
9.10 Should the orders conflicting with the terms of the Public Offer Agreement and the rules of using the bonus system be detected on the affiliated Client’s account; should the partnership compensations be charged from the accounts suspected in fraud, the compensation received from such accounts are subject to the cancellation in full amount, and the Clients will be excluded from the Partner’s affiliate group.
9.11 The Company reserves the right to refuse to pay the partnership compensation from the deals, the margin of which proceeds solely from the bonus funds. Such rule can also be applicable to the already credited compensation and such participants of the bonus program can be excluded from the Partner’s affiliate group.
9.12 The Company is entitled to cancel the partnership compensation for the deals should the time between opening and closing the deals (including opening the reverse, fully or partially locking positions) do not exceed two minutes.
9.13 The multilevel system of the partnership compensation consists of 3 levels. Payment of compensations for the clients involved directly in the partner’s group is referred to level 1; the clients involved in the subpartners’ group are related to levels 2 and 3.
9.14 Crediting is distributed according to the multilevel system of the partnership compensation in % from the specified rate of the partnership compensation:
- on the clients of the first level – 100%;
- on the clients of the second level – 18%;
- on the clients of the third level – 6%.
9.15 Due to the various circumstances, the Company has the right to decline funds withdrawal using the requisites provided by a Partner and propose withdrawal in another currency or to another payment system.
9.16 The funds withdrawal from the partner’s affiliate account is performed under the terms of the Public Offer Agreement, Paragraph “Payment Arrangements”.
10.1 Should a disputable situation in the frame of executing this Agreement occurs, the parties shall attempt to settle the dispute by peaceful means.
10.2 The Partner has a right to lodge a claim in case of any disputable situation. The claims are accepted by the Company within 5 working days of the date upon a disputable event occurrence.
10.3 A claim is made in the form of the inquiry from the personal field of the Trader room to the Client Relations department; or a claim can be e-mailed to the [email protected] from the Partner’s registered e-mail address.
10.4 Disputes concerning lost profit are not accepted for consideration.
10.5 The maximum period of a dispute resolution is ten working days.
10.6 Should a disputable situation be not described in this Agreement, the Company resolves the dispute at own discretion, according to the case law.
11.1 A Partner shall not be entitled to disclose information received from the Company during the cooperation and data this Agreement contains throughout the period of validity of the present Agreement and within 5 years after its termination.
11.2 A Partner shall not be entitled to divulge confidential information concerning the Company’s business and services to a rival third party.
11.3 The Parties shall ensure confidentiality of Client’s personal and account data as well as details of trades conducted by Clients.
12.1. The Company shall have the absolute discretion to amend and supplement any of the terms and conditions stipulated in this Agreement and shall give 3 calendar days’ prior notification.
12.2. Either Party may terminate this Agreement unilaterally and without judicial procedures by giving at least 5 calendar days’ prior notification to the other Party.
Company: «Existrade LTD» | Client |
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